Wingstop Inc. (NASDAQ:WING) shares are trading lower on Wednesday. The company reported third-quarter earnings per share of 88 cents, missing the street view of 95 cents. Quarterly sales of $162.498 million beat the analyst consensus estimate of $161.535 million. Royalty revenue, franchise fees and other increased $21.2 million, of which $9.6 million was due to domestic same store sales growth of 20.9%, and $9.3 million was due to net new franchise development. Company-owned restaurant sales rose by $7.4 million, fueled by the addition of 10 net new locations since the previous fiscal third qu…
