BUZZ-Wingstop up after quarterly profit beat

** Shares of restaurant chain Wingstop ** were up about 4% at $140.10 in premarket trading.

** The company beat second-quarter profit estimates, helped by lower food, beverage and packaging costs.

** Wingstop reported Q2 adjusted EPS of $1.18 versus estimates of $1.03 — LSEG data.

** Food, beverage and packaging costs at company-owned restaurants fell to 35.2% of sales in the quarter, from 36.8% a year earlier.

** Selling, general and administrative expense decreased to $30.2 million from $32.9 million in the previous year.

** Quarterly revenue rose 6.4% to $185.6 million, but missed estimates of $190.5 million, hurt by continued pressure on consumer spending.

** The company now expects domestic same-store sales to decline between 4% and 6%, compared with its prior forecast of a low-single-digit decline.

** As of the last close, the stock was down 43.5% year to date.