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Wingstop Fiscal Q2 Earnings, Revenue Rise; Quarterly Dividend Lifted
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Wingstop Fiscal Q2 Earnings, Revenue Rise; Quarterly Dividend Lifted
Jul 31, 2024 6:07 AM

08:59 AM EDT, 07/31/2024 (MT Newswires) -- Wingstop ( WING ) reported fiscal Q2 earnings Wednesday of $0.93 per diluted share, up from $0.54 a year earlier.

Analysts polled by Capital IQ expected $0.83.

Revenue for the period ended June 29 was $155.7 million, compared with $107.2 million a year earlier.

Analysts surveyed by Capital IQ expected $145.1 million.

Same-store sales were up 14.1% versus a 5.7% growth rate a year earlier. Analysts surveyed by Capital IQ expected an 8.1% increase.

The restaurant operator said its board on July 30 increased its quarterly dividend to $0.27 per share, payable Sept. 6 to shareholders of record as of Aug. 16.

Wingstop ( WING ) stock was up 4.1% in recent Wednesday premarket activity.

Price: 392.00, Change: +15.43, Percent Change: +4.10

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