Wingstop's Sales Soar During the Pandemic
Wingstop (NASDAQ: WING) is thriving in a challenging environment. On March 11, COVID-19 was declared a global pandemic by the World Health Organization. Since then, Wingstop's sales have soared 37% year over year, according to the company's second-quarter 2020 press release.
Wingstop's Q2 ran from March 29 through June 27. Therefore, its quarterly results cover a time when dining rooms were closed around the world, and consumer behavior was shifting. According the U.S. Census Bureau, sales for food services and drinking places decreased 23% in the first six months of 2020 compared with the same period of 2019. Wingstop bucked this trend with its systemwide sales increasing 28% in the first two quarter of 2020.
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Source Fool.com
