Wingstop board approves share buyback program of up to $250 million
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Dow Jones
Wingstop Inc. (WING) said Thursday its board has approved a new share buyback program of up to $250 million. The chicken wing restaurant operator said it will finance the program with cash on hand and cash flow from operations. As of July 1, the company had $188.5 million in cash and cash equivalents. The stock has gained 18% in the year to date, while the S&P 500 has gained 15%.
-Ciara Linnane
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08-17-23 0817ET
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