Why Wingstop Was Waning on Wednesday

Wingstop (NASDAQ: WING) wasn't exactly soaring on Hump Day. After the restaurant operator reported its latest set of quarterly results, the stock fell; in late-afternoon trading, it was down by over 3%.

Somewhat paradoxically, Wingstop's headline numbers actually edged past analyst estimates when it issued second-quarter results today. The company booked an even $74 million in revenue, slightly higher than the $73.1 million collectively expected by prognosticators and 1% above the year-ago result. That was on the back of same-store sales growth of 2.1%.

Image source: Getty Images.

Continue reading

Source Fool.com