Wingstop Stock Rockets 20% After Smashing Q2 Earnings—Raises Guidance (Wall Street Scrambles)
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Chicken chain Wingstop just served Wall Street a piping-hot plate of 'beat and raise'—and traders are gobbling it up.
Q2 Numbers That Cluck
Same-store sales up double digits? Check. Profit margins expanding despite inflation? You bet. Now the company’s hiking full-year guidance—because why not rub salt in the bear thesis?
The Secret Sauce
Digital sales now make up 60% of revenue. Franchisees are minting money. Even delivery fees can’t scare off customers addicted to those lemon-pepper wings.
Wall Street’s Dilemma
Analysts now face the classic fast-food conundrum: chase the momentum or wait for the inevitable ‘valuation reset.’ Meanwhile, the stock’s P/E ratio looks like it’s been marinating in growth hormones.
One thing’s clear—this bird’s still flying while other pandemic darlings crash-land. Bon appétit, bulls.