Wingstop Inc. (NASDAQ: WING) saw its stock price plummet 12.64% in pre-market trading on Wednesday, following the company's fourth-quarter earnings report that beat earnings estimates but missed revenue expectations due to higher costs.
The fast-food chain reported quarterly earnings per share of $0.92, surpassing analysts' consensus estimate of $0.87. However, the company's revenue of $161.8 million fell short of the Wall Street expectation of $165 million, weighed down by higher costs of food, beverages, packaging, and bone-in chicken wings.
While Wingstop's same-store sales rose 10.1% year-over-year, the growth rate decelerated from previous quarters. Moreover, the company expects low to mid-single digit domestic same-store sales growth for fiscal 2025, indicating a further slowdown compared to 2024.
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