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29.04.26 - 16:48
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Wingstop Tumbles As Chicken Demand Falters, Guidance Cut (ZeroHedge)
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Wingstop Tumbles As Chicken Demand Falters, Guidance Cut
Wingstop shares fell the most in six months in premarket trading after the company cut its full-year outlook and reported weaker-than-expected first-quarter sales, citing a pullback in traffic as management pointed to "continued pressure on consumer spending."
The chicken chain, with 2,653 locations across the US, now expects 2026 domestic same-store sales to decline at a low single-digit rate, down from its prior forecast of flat to low single-digit growth. Analysts tracked by Bloomberg forecast a .4% contraction this year, after lowering their forecast from about 1.3% in mid-February when Wingstop last reported earnings.
First-quarter domestic same-store sales fell 8.7%, exceeding the 5.4% decline expected by analysts. Adjusted EPS of $1.18 topped estimates, helped by lower-than-expected costs, including chicken wing costs.
Here's a snapshot of first-quarter results (courtesy of Bloomberg):
Total domestic stores comp sales g...
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28.04.26 - 19:24
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Chlorinated chicken with a side of safety warnings | Letters (The Guardian)
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Erik Millstone and Tim Lang look at the evidence. Plus a letter from a woman who had campylobacter while pregnantYou were right to report (23 April) that government officials have actively considered how to respond to US pressure to accept imports of “chemical-washed chicken” and other processed products.This matters to the public, for whom chlorinated chicken has become a test case for whether UK standards are lowered for commercial and political reasons. Continue reading......
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