WING - What's Going On With Restaurant Chain Wingstop Shares Today? | Benzinga
Wingstop Inc (NASDAQ:WING) shares are trading higher after the company reported first-quarter FY24 sales growth of 34.1% year-on-year to $145.789 million, beating the analyst consensus estimate of $135.598 million.
System-wide sales increased 36.8% Y/Y to $1.1 billion, Domestic same-store sales increased 21.6% versus last year, and Digital sales jumped to 68.3% of system-wide sales. Domestic restaurant AUVs increased to $1.9 million.
Revenue from royalty, franchise fees, and others rose 39.2% Y/Y, Advertising fee revenue increased 33.9%, and company-owned restaurant sales grew 23.7%.
Total costs and expenses ...