Wingstop Inc. (NASDAQ:WING) shares soared over 27% on Wednesday after the fast-casual restaurant chain reported stronger-than-expected second-quarter earnings and sales, while also boosting its full-year global unit growth forecast.
The company’s adjusted earnings per share of $1 beat analyst estimates of 86 cents, and quarterly sales of $174.33 million surpassed the Street’s $172.77 million view, driven by franchise development and a rise in digital sales, which now account for 72.2% of total system-wide sales.
