Wingstop CEO touts falling chicken wing prices, company benefitting from deflation

Wingstop reported that its total revenue climbed 13.2% to $83.8 million during the three-month period ending on June 25. System-wide sales increased 7.5% to $633.6 million during the same period. Profit rose 17.6% to $13.3 million, or 44 cents per diluted share, from $11.3 million, or 38 cents, in the prior year quarter.

A plate of buffalo style chicken wings with celery and blue cheese with a beer on a bar or restaurant table. "We navigated record wing inflation in 2021 and our brand partners took the appropriate level of pricing that year to navigate that inflation and manage margins," Skipworth said. Wingstop says it's encouraged by the deflation it is seeing with chicken wings. Still, chicken prices industry-wide have increased, like most other goods, according to the Consumer Price Index .

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)In this episode, SJanuskas - the CEO of DappRadar - talks about some of the benefits of the bear market, what is the future of NFTs, as well as what can we expect from the platform going forward, and more! Tune in and watch! LyanchevYordan SJanuskas DappRadar Very cool interview! Love DappRadar and use it all the time for research.
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »

Turning A Passion Project Into A Thriving Business: Honeyfund’s CEO And Co-Founder, Sara MargulisI spoke with Sara about shifting careers from marketing to tech start-up, the Shark Tank effect, striking out on her own, and balancing family life with running her own company.
Fonte: Forbes - 🏆 394. / 53 Consulte Mais informação »