Wingstop Shares Fall After Earnings Miss and Sundial Growers Shares Fall After Regaining Nasdaq Compliance
On Wednesday, shares of American chicken wing restaurant Wingstop plunged, closing down 13.22%.
Shares of the company closed lower after reporting their Q4 2020 earnings.
The company reported revenue of $63.3 million vs $64.1 million as expected by analysts. Adjusted earnings-per-share (EPS) was $0.18 vs $0.23 as expected. Digital sales increased to 62.5% of sales as consumers stayed home during the pandemic. The company also said they expect growth to slow down in 2021.
Shares of Wingstop are up over 8% in the past three months.
On Wednesday, shares of Canadian cannabis producer Sundial Growers closed down 21.46%.
Shares of the company closed lower after it regained compliance to stay listed on the Nasdaq. Sundial Growers common shares have been at or above $1 for at least ten consecutive business days, so the company has regained compliance with the Nasdaq exchange.
The company also filed a shelf registration with the Securities and Exchange Commission (SEC) to issue $1 billion of securities.
Shares of Sundial Growers have skyrocketed more than 550% in the past three months.
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