Reported about 23 hours ago
Wingstop Inc. saw its shares rise by up to 29% following the announcement of its most profitable quarter to date and plans to increase restaurant openings. The Texas-based company reported adjusted earnings of $1 per share, exceeding analysts' expectations, although same-store sales dipped 1.9% domestically. Nonetheless, optimism remains with projections of 1% growth in same-store sales this year and a global unit growth forecast of 17% to 18%. Wingstop's innovative 'smart kitchen' initiative is contributing to higher sales growth, and the company has also increased its quarterly dividend.
Source: YAHOO