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Wingstop Stock Falls 12% Despite Revenue Growth

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Wingstop Inc. (WING) is down 12.37 percent during Wednesday's trading, losing $32.79 to trade at $273.23, despite reporting higher revenue in its fiscal fourth quarter.

The stock opened at $264.94 and has traded between $264.00 and $278.93 so far today. Volume stands at 1.65 million shares, well above its average of 532,123. Wingstop's 52-week range is between $264.00 and $433.86.

The company posted $161.8 million in revenue, up from $127.1 million a year ago, while net income rose to $26.75 million from $18.81 million.

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