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Why Wingstop Stock Is Flying High Today

TheMotleyFool

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Shares of (NASDAQ: WING) fluttered higher on Wednesday, following a strong earnings report. Wingstop opened the trading session 29.2% higher, backing down to a still-impressive 26.1% gain as of 2:20 p.m. ET.

Image source: Getty Images.

The chicken-based restaurant chain saw systemwide sales rise 14% year over year in the second quarter. After filtering through Wingstop's franchisee operations, the company's revenue increased 12% to $174.3 million. Adjusted earnings per diluted share inched up from $0.93 to $1. Your average Wall Street analyst would have settled for earnings near $0.87 per share on revenue in the neighborhood of $173.4 million.

Source Fool.com