Wingstop plunges after Q3 profit miss on higher costs

Wingstop

30/10/2024 14:17

(Updates)
    ** Shares of restaurant chain Wingstop  WING.O  slump as
much as ~20% to $295
        ** Stock set for its worst day since March 2020, if
losses last, currently down ~16%
  
    ** Co posts Q3 EPS of 88 cents vs analysts' estimates of 95
cents - data compiled by LSEG
    ** Reports Q3 revenue of $162.5 mln vs Street expectations
of $161.6 mln; Q3 total costs and expenses rise ~42%
    ** Maintains FY    2024 domestic same-store sales growth
outlook of ~20%
    ** Up to Tuesday's close, stock has risen ~44% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))