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Wingstop Inc. (WING)
After hours:
- Yahoo Finance Video
Why value needs to be the main focus for fast food restaurants
As inflationary pressures mount, consumer spending has shown signs of slowing, with fast-food and fast-casual dining chains feeling the pinch. Joining Market Domination to discuss the importance of value within the restaurant industry are Bernstein Senior Analyst for U.S. Restaurants Danilo Gargiulo and UBS Executive Director of Equity Research Dennis Geiger. Gargiulo acknowledges that attracting customers has become "incrementally harder," with "traffic slowing down across the entire industry." He emphasizes that chains need to "be mindful" of ensuring value is a core component of their offerings. However, for giants like McDonald's (MCD), which operate under a franchise model, the question of profitability for individual franchisees and aligning their interests arises. Geiger echoes the sentiment, noting "an industry slowdown" within the quick-service restaurant and fast-food sectors. He attributes this trend to a variety of factors, including price increases, the broader inflationary environment, and even tightening consumer budgets. Regardless of the root causes, Geiger asserts that "there's softness" in consumer demand, particularly among lower-income consumers. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
- Simply Wall St.
Results: Wingstop Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Wingstop Inc. ( NASDAQ:WING ) defied analyst predictions to release its quarterly results, which were ahead of market...
- Yahoo Finance Video
Wingstop is leaning into 'hyper-personalization': CEO
Wingstop (WING) posted its first quarter earnings, beating estimates with $0.975 earnings per share against an expected $0.76. The company also reported a same-store sales growth of 21.6% in the US. Wingstop CEO Michael Skipworth joins Yahoo Finance Reporter Brooke DiPalma for Wealth! to give insight into the company's performance and how the fast food chain plans to capitalizing on its success. Skipworth elaborates on what he refers to as 'hyper-personalization,' using company data to improve the customer experience: "Our digital sales for the first quarter were a record 68% of total sales. That's allowed us to amass a massive database of 40 million users strong. We have invested in this data, enriched the data that allows us to not only inform our marketing strategy, but with the launch of our proprietary tech staff, My Wingstop, we're able to lean into hyper-personalization, and really personalize that computer order journey, that we believe will bring guests back sooner, bring them back more frequently, and drive check as well, which we're excited about." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
