NasdaqGS:WINGHospitality
Wingstop (WING) Stock Sinks As Comp Declines Deepen Growth Doubts
Wingstop stock came into this report already under pressure, down over 23% across the past month, and the selloff deepened today with the shares slipping another 3.7% to about US$134. Yet the headline from the quarter is not a collapse in profitability. Net income reached US$31.3m, with diluted earnings per share at US$1.15, and adjusted EBITDA grew at a double digit rate.
The real flashpoint is on the top line. Domestic same store sales declined 7.5% even as system wide sales grew through...