Wingstop Board Authorizes Additional $500 Million Share Buyback-February 2024-www.financetom.com

Wingstop Board Authorizes Additional $500 Million Share Buyback

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Wingstop Board Authorizes Additional $500 Million Share Buyback

Dec 5, 2024 2:39 PM

05:16 PM EST, 12/05/2024 (MT Newswires) -- Wingstop ( WING ) said late Thursday its board approved the expansion of its existing share repurchase program for up to an additional $500 million, effective immediately.

The company said it expects to execute a $250 million accelerated share repurchase starting in Q4.

Existing cash and proceeds from its recent $500 million financing will be used to repurchase shares, the company said.

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