The Latest Breaking News from Wing

According to Benzinga Pro, during Q1, Wingstop (NASDAQ:WING) earned $8.68 million, a 25.81% increase from the preceding quarter. Wingstop also posted a total of $76.20 million in sales, a 5.8% increase since Q4.

Wingstop (NASDAQ:WING) has observed the following analyst ratings within the last quarter:

Wingstop Inc (NASDAQ:WING) reported first-quarter FY22 sales growth of 7.8% year-on-year to $76.21 million, missing the consensus of $85.59 million. System-wide sales increased 12.7% Y/Y to $630 million. Domestic same-store sales increased 1.2% versus last year or 31.8% on a three-year basis. Revenue from royalty, franchise fees, and others rose 10.9% Y/Y, Advertising…

  Wingstop (NASDAQ:WING) reported its Q1 earnings results on Wednesday, May 4, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

'Game-changer' for drone operators in the ACT

Within the last quarter, Wingstop (NASDAQ:WING) has observed the following analyst ratings:

After years of regulatory issues, it seems the vision of drones filling the skies delivering products in 30 minutes or less may finally be realized, as a subsidiary of Google’s parent company Alphabet (NASDAQ: GOOGL) is rolling out its commercial drone delivery service.

Piper Sandler cut the price target on Wingstop Inc. (NASDAQ: WING) from $195 to $102. Wingstop shares fell 0.7% to trade at $111.44 on Thursday.

Coles has announced it is launching a pilot program in partnership with Google’s sister company Wing, to deliver groceries to your doorstep via drone. 

Customers can simply order via the Wing app and upon arrival, the drone will hover in the air and slowly lower the package to the ground for a contactless delivery.

A company backed by Google's owner is replacing the delivery driver with a drone, as part of a pilot project with a major Australian supermarket. Experts say the idea could literally take off and may work out cheaper than road transport.