Wingstop is seeing ‘meaningful deflation' in chicken wings, CEO says [CNBC]
Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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Source: CNBC
“The price of wings last year .. hit $3.22 a pound, and we fast forward to today and it's $1.63 a pound,” Skipworth said in an interview on “Mad Money.” Skipworth, who became CEO of Wingstop in March, also credited high demand for chicken breasts as helping tamp down wing costs. Wingstop is seeing ‘meaningful deflation' in chicken wings, CEO says Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC's Jim Cramer on Wednesday. “Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we've seen meaningful deflation in our business. The price of wings last year .. hit $3.22 a pound, and we fast forward to today and it's $1.63 a pound,” Skipworth said in an interview on “ Mad Money .” “We've seen this in years before where a lot of businesses jump into wings [and] it drives the demand up. But as we sit here today, their business
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- Results: Wingstop Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Wingstop Inc. (NASDAQ: WING) had its price target raised by analysts at Citigroup Inc. from $375.00 to $398.00. They now have a "neutral" rating on the stock.MarketBeat
WING
Earnings
- 5/1/24 - Beat
WING
Sec Filings
- 5/9/24 - Form 144
- 5/8/24 - Form 144
- 5/3/24 - Form 4
- WING's page on the SEC website