Wingstop Stock Drops 20% as Costs Weigh on Q3 Profits

Key Takeaways Wingstop shares hit their lowest point since February on Wednesday after the chain's third-quarter profits fell short of estimates. Same store sales also grew at a slower pace than expected, while Wingstop also lifted its estimate for new location openings this year. The chicken wing chain lifted its projections for expenses for the full fiscal year. Chicken wing prices and payroll expenses rose in the third quarter. Wingstop (WING) shares tumbled Wednesday after the chicken-wing chain's third ...