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WING News7 articles
Wingstop's 100-Pass Wing Deal: Marketing Ploy, Not Earnings Driver
Wingstop's $27.99 Wing Pass unlocks 18 weekly bundles but only 100 passes are available, making it a marketing experiment rather than an earnings driver. WING stock saw minimal movement.
Wendy's Buyout Buzz: 20% Premium Could Value Chain at 9x EBITDA
Wendy's shares jumped 18.4% on reports of a potential Trian-led buyout. A 20% premium would value the chain at roughly 9x EBITDA, though no formal offer has been made.
Jersey Mike's IPO Falters as Trading Volume Dries Up Post-Debut
Jersey Mike's shares slipped below their IPO price on Friday as trading volume dropped 95% from the debut. The stock closed at $22.91, down 0.4% from the $23 offering price.
Raising Cane's August Expansion Plan Signals Shift in Chicken Brand Growth
Raising Cane's will open seven new restaurants in August, including two in new markets, as the chicken chain aims for 100 openings in 2026.
Jersey Mike's Recovers to $23 as Debt Concerns Loom
Jersey Mike's (NYSE:JMKE) shares recovered to $23 on Friday, erasing its debut decline, yet elevated debt and slowing same-store sales growth continue to pose challenges.
Jersey Mike's IPO Raises $1B, Majority Goes to Selling Shareholders
Jersey Mike's (JMKE) IPO priced at $23 per share, raising $1 billion. Existing holders receive 68% of proceeds, while the company uses nearly all net cash to pay down debt.
Long John Silver's Store Count Shrinks 4.6%, Tests Same-Store Sales Streak
Long John Silver's ended 2025 with 479 U.S. restaurants, down 4.6%, while maintaining a 16-quarter same-store sales streak. Analysts estimate 4.8% comp growth needed to offset unit losses.