Why Wingstop Stock Plummeted This Week
Shares of quickly growing chicken wing franchisor Wingstop (NASDAQ: WING) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.Despite the company reporting otherwise stellar earnings on Wednesday, Wingstop's shares have declined this week as its sales didn't meet analysts' lofty expectations.During the fourth quarter, Wingstop grew revenue by 28%, domestic same-store sales by 10%, and net income by 42%. In a vacuum, these would typically be incredible results.Continue reading
Shares of quickly growing chicken wing franchisor Wingstop (NASDAQ: WING) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Despite the company reporting otherwise stellar earnings on Wednesday, Wingstop's shares have declined this week as its sales didn't meet analysts' lofty expectations.
During the fourth quarter, Wingstop grew revenue by 28%, domestic same-store sales by 10%, and net income by 42%. In a vacuum, these would typically be incredible results.
