Wingstop (WING) Earnings Return With A Vengeance

Wingstop (WING) earnings were released today, May 3rd. Alex Coffey and Jenny Horne discuss WING as its adjusted EPS came in at $0.59 versus an estimated $0.46 and revenue came in at $108.72M versus $100.92M. WING is up over 215% from its 52-week low and operating income rose 55%. They talk about how WING opened what they promised, about 240 stores and 1Q domestic same-store sales increased. They note that WING has been one of the few winners post-pandemic. It struggled last year, but has come back with a vengeance. They compare WING to Chipotle (CMG), McDonald's (MCD), Restaurant Brands (QSR), and Yum Brands (YUM). Alex then demonstrates an example trade using WING. The trade type is sell put vertical ad the direction is neutral to bullish. Tune in to find out more about the stock market today.

Next Gen Investing

03 May 2023

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