News Formal

Wingstop’s stock pops 7% after earnings beat estimates by a wide margin

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

Wingstop Inc.’s stock WING, +2.35% rose 7% in premarket trade Wednesday, after the operator of chicken restaurants topped third-quarter earnings estimates by a wide margin. The Dallas-based company posted net income of $19.5 million, or 65 cents a share, up from $13.4 million, or 45 cents a share, in the year-earlier period.

Adjusted per-share earnings came to 69 cents, ahead of the 52 cent FactSet consensus. Revenue rose 26.4% to $117.1 million to also beat the $109.0 million FactSet consensus. The company raised its full-year guidance and now expects same-store sales growth of about 16%, up from prior guidance of 10% to 12%. It still expects to open 240 to 260 global net new units. The stock has gained 33% in the year to date, while the S&P 500 SPX, +0.65% has gained 9%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

S&P Global upgrades Ford’s rating and restores it to investment gradeCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »