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Wingstop Inc. - WING STOCK NEWS

Welcome to our dedicated page for Wingstop news (Ticker: WING), a resource for investors and traders seeking the latest updates and insights on Wingstop stock.

Wingstop Inc. (NASDAQ: WING) is a leading American restaurant chain specializing in indulgent chicken wings, offering both bone-in and boneless options, along with chicken tenders, fries, and a recently introduced range of chicken sandwiches. Founded in 1994 in Garland, Texas, and now headquartered in Dallas, Wingstop has grown exponentially to operate and franchise over 2,200 locations worldwide. The company prides itself on its unique flavors, with a menu that includes 11 bold and distinctive flavors, complemented by signature sides like fresh-cut seasoned fries and freshly-made ranch and bleu cheese dips.

Wingstop's business model is predominantly franchise-based, with approximately 98% of its restaurants franchised. This model allows Wingstop to generate substantial revenue from franchise royalties and advertising fees, while maintaining a lean operation with a small footprint of company-owned stores. By the end of 2023, Wingstop had become the 31st-largest restaurant brand in the U.S. by system sales.

The company has enjoyed continuous growth, marked by the impressive milestone of reaching $2.7 billion in system-wide sales in fiscal year 2022—a 16.8% increase from the previous year. Wingstop has achieved 20 consecutive years of same store sales growth, demonstrating the strength and consistency of its business model. This success is driven by a commitment to delivering flavor and an unparalleled guest experience, further supported by a best-in-class technology platform.

In 2023, Wingstop continued its upward trajectory with significant achievements. The company announced a new share repurchase program authorized to buy up to $250 million of its outstanding shares, reflecting its solid financial health and commitment to returning capital to shareholders. Wingstop's global restaurant development strategy remains robust, with a vision to become a Top 10 Global Restaurant Brand. The brand's expansion includes not only domestic growth but also international markets, with a footprint that spans both company-owned and franchised restaurants.

Wingstop's dedication to its core values—Authentic, Entrepreneurial, Service-minded, and Fun—is evident in its operational ethos, known as The Wingstop Way. This value system extends to its environmental, social, and governance (ESG) initiatives, aiming to provide value to all guests and maintain a strong community presence through Wingstop Charities.

Recent accolades highlight Wingstop's industry standing. The company earned its

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Wingstop (NASDAQ: WING) is expanding its global presence with a pop-up restaurant called 'House of Flavor' in Paris, open from July 27 to August 10, 2024. This marks the beginning of larger growth plans, with potential for over 200 Wingstop restaurants in France. The pop-up, located at La Caserne, is expected to attract over 50,000 visitors with free wings, fries, and ranch.

The 'House of Flavor' will feature various events including basketball showdowns, dance performances, DJ sets, fashion experiences, and art installations. Meanwhile, in the U.S., Wingstop is offering the Summer of Flavor Bundle for $24.99, which includes 25 boneless wings, fries, Cajun Corn, dips, and drinks.

This expansion aligns with Wingstop's mission to 'Serve the World Flavor' and its goal to become a Top 10 Global Restaurant Brand.

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Wingstop (NASDAQ: WING) has made its popular Hot Honey Rub flavor a permanent menu item. This decision follows enthusiastic support from fans, celebrities, and athletes, including basketball star Giannis Antetokounmpo. The Hot Honey Rub, a sweet and spicy dry rub, has been a top-performing -time offer (LTO) flavor since its debut in 2022. It will now be available nationwide on classic and boneless wings, tenders, and the chicken sandwich. Wingstop's Chief Brand Officer, Melissa Cash, highlighted the overwhelming demand and fanfare as key reasons for this permanent addition.

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Wingstop (NASDAQ: WING) announced it will release its fiscal second quarter 2024 financial results on July 31, 2024, at 10:00 a.m. ET. The announcement will be followed by a conference call and webcast to discuss the results. The press release with detailed financial information will be issued before the market opens on the same day.

Participants can join the call by dialing 1-877-259-5243 or 1-412-317-5176 for international calls. A replay will be available two hours after the call and can be accessed until August 7, 2024, by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (international) and entering the replay code 7955331. Additionally, the webcast will be archived on Wingstop's investor relations website.

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Wingstop Inc. (NASDAQ: WING) reported impressive fiscal first quarter 2024 financial results, showing a 36.8% increase in system-wide sales, 21.6% domestic same store sales growth, and an 83.5% surge in net income. Total revenue rose to $145.8 million, with adjusted EBITDA up 45.3% to $50.3 million. The company plans low double-digit domestic same store sales growth and 275 to 295 global net new units for 2024. Despite rising costs, Wingstop remains committed to shareholder value, approving a $0.22 quarterly dividend per share.

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Wingstop celebrates 4/20 with the launch of a new T.H.C. (The Hot Chili) Rub, available for a time in the Wingstop Hot Box. The new flavor experience combines chili peppers with a secret blend of herbs and spices, paired with Wingstop's iconic ranch, seasoned fries, and a drink. Fans can enjoy this special offering from April 18-21, 2024, by ordering online or through the Wingstop app.
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Wingstop Inc. (WING) will discuss fiscal first quarter 2024 financial results in a conference call and webcast on May 1, 2024. The call details and replay information are provided for interested participants.
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Wingstop Inc. (WING) reported strong financial results for Q4 and FY 2023 with a 13.0% increase in unit count, 18.3% domestic same store sales growth, and a record level of restaurant development commitments.
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Wingstop (NASDAQ: WING) is reintroducing its popular Hot Honey Rub for a limited time, starting on Valentine's Day, in response to overwhelming demand from fans. The dry rub delivers sweet flavors with a bold kick of cayenne pepper and ancho chili and can be enjoyed on chicken sandwiches, classic wings, boneless wings, or tenders. Wingstop is offering free delivery for online orders, and fans can share their love for Hot Honey on social media. This limited-time offering is a response to the undeniable passion of Wingstop fans for the Hot Honey Rub.
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Wingstop Inc. (NASDAQ: WING) will host a conference call to discuss its fiscal fourth quarter and full year 2023 financial results on February 21, 2024. The call will be available telephonically and via webcast, with a replay available through February 28, 2024. The webcast will be archived on the investor relations section of Wingstop's corporate website.
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Wingstop (WING) Embraces Flavor in Response to Dry January Trend
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FAQ

What is Wingstop Inc. known for?

Wingstop Inc. specializes in indulgent chicken wings, including bone-in and boneless options, along with chicken tenders, fries, and chicken sandwiches.

When was Wingstop founded?

Wingstop was founded in 1994 in Garland, Texas.

How many locations does Wingstop have?

As of the end of 2023, Wingstop operates and franchises over 2,200 locations worldwide.

What is Wingstop's business model?

Wingstop operates a predominantly franchise-based business model, with about 98% of its restaurants franchised.

What were Wingstop's system-wide sales in 2022?

In fiscal year 2022, Wingstop's system-wide sales were approximately $2.7 billion.

What are some recent achievements of Wingstop?

Recent achievements include a new share repurchase program worth $250 million and being listed as one of the fastest-growing franchises.

What are Wingstop's core values?

Wingstop's core values include being Authentic, Entrepreneurial, Service-minded, and Fun, represented as The Wingstop Way.

What is The Wingstop Way?

The Wingstop Way is the company’s core value system focused on authenticity, entrepreneurship, service-mindedness, and fun, extending to its ESG initiatives.

What is Wingstop’s long-term vision?

Wingstop’s long-term vision is to become a Top 10 Global Restaurant Brand.

How does Wingstop support its community?

Wingstop supports its community through various ESG initiatives and Wingstop Charities, aiming to provide value to all guests.

Wingstop Inc.

Nasdaq:WING

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10.87B
29.37M
0.3%
104.07%
6.29%
Food Service Contractors
Accommodation and Food Services
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United States of America
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