Wingstop Shares Jump After Record Q2, Dividend Hike

Wingstop shares surged over 25% after the company reported record second-quarter earnings of $1.00 per share, far surpassing analyst expectations. Revenues increased 12% year-over-year to $174.3 million, while systemwide sales climbed to $1.34 billion. The company opened 129 net new restaurants, achieving its fourth consecutive quarter with over 100 new units. Company-owned domestic same-store sales rose 3.6%, outperforming forecasts, though U.S. same-store sales overall declined 1.9%—a result that was still better than anticipated. Wingstop raised its global unit growth outlook to 17%-18% and announced an 11% increase in its quarterly dividend, indicating confidence in future growth. Analysts responded by raising price targets, citing improved efficiency and potential gains from loyalty and marketing programs.