decision to pre-release first-quarter results may have some unintended consequences for the chain of aviation-themed restaurants specializing in chicken wings, Stifel analysts say.
“[W]e surmise management felt it needed to clarify any sales uncertainty created by the number of exogenous factors (e.g., weather, stimulus, etc.) during the quarter,” analysts led by Chris O’Cull wrote in a note.
Stifel notes that Wingstop normally doesn’t give earnings information ahead of earnings day.
“We are disappointed the company did not wait until it could provide a range of profitability for 1Q because it may run the risk of Street estimates moving too…