RESOLVING THE LEDGER
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Inflation remains uncomfortably elevated, and that's a drag on an array of consumer discretionary stocks , including Wingstop (NASDAQ: WING) .
Ahead of its July 29 earnings report, shares of the fast-casual wing chain are off 43.5% year to date (as of July 23) and would need to more than triple to reclaim the record high. Analysts expect the Texas-based eatery to post earnings per share (EPS) of $1.02 on sales of $190.2 million. Given the stock's weak state, if those estimates are missed or the company offers guidance that's not to investors' satisfaction, more declines could be in store.
A lot has to go right for Wingstop to rebound. Image source: Getty Images.
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