Wingstop falls on forecast of annual same store sales decline

Wingstop

04/11/2025 13:18

** Shares of restaurant chain Wingstop WING.O fall ~9% to $205.53 premarket

** Co revises 2025 same store sales to decline by 3% to 4%, compared with approximately 1% rise expected previously

** Q3 domestic same store sales fell 5.6%, compared with decrease of 1.9% in Q2

** Q3 adjusted earnings per share $1.09, compared to analysts' estimate of 93 cents per share, according to LSEG data

** Fast food chains have struggled with weak demand, with traffic expected to fall further in the back half of the year

** 21 of 29 brokerages rate stock "buy" or higher and 8 "hold"; their median PT is $357.5

** Up to last close, stock down 24.68% YTD

 (Reporting by Chandni Shah in Bengaluru)

 ((Chandni.shah@thomsonreuters.com))