Wingstop Stock Soars on Strong Earnings Report
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Wingstop shares surged 26.1% after the chicken chain reported better-than-expected Q2 earnings. Systemwide sales grew 14% year-over-year, with revenue reaching $174.3 million. Adjusted EPS of $1.00 surpassed Wall Street's $0.87 estimate.
The company added 129 net new locations, expanding its footprint to 2,818 stores. While same-store sales dipped 1.9% amid economic pressures, Wingstop's Smart Kitchen initiative shows promise for operational improvements. The new model has demonstrated faster service times and stronger performance in test markets.
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