Wingstop posts Q3 earnings beat but cuts same‑store sales outlook, shares surge
Wingstop reported fiscal third‑quarter adjusted earnings per share of $1.08, topping the $1.02 consensus, while revenue of $185.1 million missed the $192.9 million estimate. Domestic same‑store sales fell 5.4% and the company lowered its full‑year same‑store sales guidance to a decline of 6.5%‑7%. Management highlighted steady restaurant openings of 440‑450 net new units. The results sent the stock up double‑digit in intraday trading.
Why it matters
The earnings beat and guidance cut drove a sharp intraday rally, lifting the share price by double‑digit percentages. Investors must factor the lower same‑store sales outlook into valuation models and may see further volatility as the company works to reverse the sales decline.
Key facts
- 1Adjusted EPS was $1.08, above the $1.02 consensus. financialcontent.com
- 2Revenue was $185.1 million, up 5.3% year over year. financialcontent.com
- 3Analysts expected $192.9 million in revenue. financialcontent.com
- 4Domestic same‑store sales fell 5.4%. financialcontent.com
- 5Full‑year domestic same‑store sales outlook was revised to a decline of 6.5%‑7%. financialcontent.com
- 6Net new restaurant openings are projected at 440‑450 for the year. financialcontent.com
Open questions
- Material 1 reports an 11% share price increase, while material 2 reports a 13% increase on the same day.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.