Why Wingstop Stock Plunged to a 52-Week Low Today
Since it went public in 2015, Wingstop (NASDAQ: WING) has been one of the greatest restaurant stock investments. This means it trades at 52-week highs more often than 52-week lows. But after reporting financial results for the fourth quarter of 2024, Wingstop stock finds itself at 52-week lows, having plunged by 12% as of 11 a.m. ET on Wednesday.In 2024, Wingstop's same-store sales (comps) increased for a 21st consecutive year -- if there's a better streak out there, I'm not personally aware of it. Fourth-quarter domestic comps were up 10% year over year, which is usually a great number. But investors were let down because they had expected a higher number.Wingstop experienced growth across the board in 2024. The company opened 349 net new restaurants, boosting its total by nearly 16%. Its revenue was up 36% to $626 million. And its net income was up 55% to $109 million. These are all great growth rates and demonstrate the company's strengths and rising popularity.Continue reading
Since it went public in 2015, Wingstop (NASDAQ: WING) has been one of the greatest restaurant stock investments. This means it trades at 52-week highs more often than 52-week lows. But after reporting financial results for the fourth quarter of 2024, Wingstop stock finds itself at 52-week lows, having plunged by 12% as of 11 a.m. ET on Wednesday.
In 2024, Wingstop's same-store sales (comps) increased for a 21st consecutive year -- if there's a better streak out there, I'm not personally aware of it. Fourth-quarter domestic comps were up 10% year over year, which is usually a great number. But investors were let down because they had expected a higher number.
Wingstop experienced growth across the board in 2024. The company opened 349 net new restaurants, boosting its total by nearly 16%. Its revenue was up 36% to $626 million. And its net income was up 55% to $109 million. These are all great growth rates and demonstrate the company's strengths and rising popularity.
