Wingstop up after quarterly profit beat
BUZZ-Wingstop up after quarterly profit beat ** Shares of restaurant chain Wingstop WING.O up about 4% at $140.10 premarket
** Co beat second-quarter profit estimates, helped by lower food, beverage and packaging costs
** Reports Q2 adjusted EPS of $1.18 vs estimates of $1.03 - LSEG data
** Co logs food, beverage and packaging costs at company-owned restaurants fell to 35.2% of sales in the quarter, from 36.8% a year earlier
** Selling, general & administrative expense decreased to $30.2 million from $32.9 million in previous year
** Quarterly revenue rises 6.4% to $185.6 million, but misses estimates of 190.5 million, hurt by continued pressure on consumer spending
** Co now expects domestic same-store sales decline between 4% and 6% vs its prior forecast of low-single digit decline
** As of last close, stock down 43.5% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)