Consumer Demographic PressuresWingstop is experiencing a slowdown in traffic from lower income, Hispanic, and increasingly middle-income customers, affecting its same-store sales.
Macroeconomic ChallengesMagnitude of comp pressure is greater than anticipated, partly due to macroeconomic factors impacting results.
Same-Store Sales WeaknessWingstop reported the weakest same-store sales in its history this quarter, as the much-feared lower-income consumer sharply pulled back on restaurant spending.