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Why Wingstop Was Waning on Wednesday

TheMotleyFool

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Why Wingstop Was Waning on WednesdayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Wingstop (NASDAQ: WING) wasn't exactly soaring on Hump Day. After the restaurant operator reported its latest set of quarterly results, the stock fell; in late-afternoon trading, it was down by over 3%.

Somewhat paradoxically, Wingstop's headline numbers actually edged past analyst estimates when it issued second-quarter results today. The company booked an even $74 million in revenue, slightly higher than the $73.1 million collectively expected by prognosticators and 1% above the year-ago result. That was on the back of same-store sales growth of 2.1%.

Image source: Getty Images.

Source Fool.com

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