Wingstop (WING) – Q2 Earnings Preview

After the close on Thursday, restaurant operator Wingstop will be reporting their Q2 earnings. In the chatroom yesterday, we highlighted two specific option trades:

-350 December 30 Calls Bought to Open for 2.50 – 2.70
-600 December 25 Puts Sold to Open for 0.60 and 600 December 35 Calls Bought to Open for 0.65

Now, let’s quickly recap how their Q1 earnings fared:

-EPS of $0.22 vs $0.16 estimate – Beat
-Revenue of $26.6M vs $24.17M estimate – Beat
-Total Revenue increased 20.4%
-Domestic Same Store Sales decreased 1.1%
-System-wide Restaurant