Wingstop (WING) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Wingstop (WING) closed at $426.46 in the latest trading session, marking a +0.93% move from the prior day.
Wingstop (WING) closed at $426.86 in the latest trading session, marking a -0.25% move from the prior day.
In the closing of the recent trading day, Wingstop (WING) stood at $412.70, denoting a -0.95% change from the preceding trading day.
WING's investment in data-driven marketing and digital transformation position it well for future growth. However, elevated costs are a concern.
Texas Roadhouse, Wingstop, Potbelly, El Pollo Loco and Meritage Hospitality are included in this Analyst Blog.
Wingstop is not experiencing consumer pullback like some of its fast-food peers.
Wingstop (WING) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Wingstop UK's owners are continuing to expand the chicken restaurant chain while they look for a buyer, with a 50th outlet opened today and six more openings lined up this year. Lemon Pepper Holdings (LPH), the master franchisee for Wingstop Inc (NASDAQ:WING) in the UK, celebrated its half-century in Bolton, Greater Manchester, part of the 300-plus franchise outlets that the Dallas-based chain has open worldwide.
Wingstop reported strong Q2 earnings with revenue and Adjusted EBITDA growing 45.3% and 50.7% YoY, respectively, driven by strong domestic same-store sales and AUV per restaurant. The company continues to scale its brand awareness, innovate its menu, while building a strong digital strategy to better engage its customers and drive repeat orders. Management also raised its guidance for domestic same-store sales to grow 20% YoY, while expecting to open close to 293 restaurants in FY24.
Many companies in the restaurant/fast-food industry, including McDonald's, are showing signs of a slowing consumer. Wingstop is showing the opposite.
On 8/16/24, Wingstop, Starbucks and Marriott International will all trade ex-dividend for their respective upcoming dividends. Wingstop will pay its quarterly dividend of $0.27 on 9/6/24, Starbucks will pay its quarterly dividend of $0.57 on 8/30/24, and Marriott International will pay its quarterly dividend of $0.63 on 9/30/24.