Why Wingstop Stock Is Flying High Today
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Wingstop's stock surged 26.1% following a strong Q2 earnings report, with systemwide sales up 14% and revenue increasing 12% to $174.3 million. Adjusted earnings per share rose to $1, surpassing analyst expectations. The company opened 129 new locations, bringing the total to 2,818. However, same-store sales fell 1.9% due to economic pressures. Wingstop is testing a new operating model to improve performance, with 1,000 conversions to the Wingstop Smart Kitchen already completed.
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