Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Du musst dich anmelden oder registrieren, bevor du fortfahren kannst.
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Wingstop Stock Absolutely Plunged Today

TheMotleyFool 
0 0 30.10.24
Why Wingstop Stock Absolutely Plunged TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Shares of restaurant chain (NASDAQ: WING) absolutely plunged on Wednesday after the company reported financial results for the third quarter of 2024. As of 3 p.m. ET, Wingstop stock was down a painful 20%.

The Q3 headline numbers were incredible for Wingstop. The company had nearly 2,400 locations at the end of the second quarter, but still added 106 more in Q3 alone. The chain enjoyed 20% same-store-sales growth in the U.S., leading to year-over-year revenue growth of 39%. If investors were hoping for impressive growth, they got it.

Wingstop's Q3 net income was up 32% to $25.7 million. And that's strong growth as well in isolation. But profits were up less than revenue, and investors were hoping for more. In a nutshell, that's why Wingstop was down so much today.

Continue reading


Source Fool.com

Wingstop Inc Stock

€101.90
1.830%
Wingstop Inc gained 1.830% today.

Show more
Like: 0
WING
Share

Comments

Not a member yet? Sign up for free!