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) generates frequent news as a fast-growing, highly franchised chicken restaurant brand headquartered in Dallas, Texas. Founded in 1994, the company focuses on cooked-to-order wings, crispy tenders and chicken sandwiches, and reports operating and franchising more than 3,000 restaurants worldwide with approximately 98% owned by brand partners.
News about Wingstop often centers on unit development and global expansion. Recent releases highlight record net new openings in consecutive quarters, rapid growth from roughly 2,800 to over 3,000 system-wide restaurants, and entry into new international markets such as Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia and The Netherlands, along with plans to open in Thailand, Italy and Ireland.
Investors also follow quarterly financial results, where Wingstop reports system-wide sales, domestic average unit volume (AUV), domestic same store sales trends and non-GAAP metrics like Adjusted EBITDA. These earnings updates are typically accompanied by guidance on global unit growth, same store sales expectations, SG&A, stock-based compensation and other outlook items.
On the brand and menu side, Wingstop issues news on limited-time flavors and promotions, including Wingstop Drop campaigns, buy-one-get-one offers on tenders and chicken sandwiches, and special flavors such as Fiery Lime and Hot Lemon. The company also announces marketing partnerships, such as collaborations with athletes like Paige Bueckers and its designation as the Official Chicken Partner of the NBA.
For followers of WING stock, this news feed provides a single place to review restaurant openings, international expansion, promotional activity, brand collaborations and financial performance updates that shape Wingstop’s growth story.
On May 25, 2021, Wingstop (NASDAQ: WING) announced a minority investment in its UK franchisee, Lemon Pepper Holdings Ltd. (LPH), reflecting confidence in the UK market's growth potential. This follows LPH's successful openings, including seven locations during lockdowns and a new site in Reading. Wingstop aims to become a Top 10 Global Restaurant Brand, exploring further expansion in Europe, China, and Canada. In fiscal year 2020, the company recorded system-wide sales of approximately $2.0 billion, marking a 28.8% year-over-year increase and 17 consecutive years of same-store sales growth.
Wingstop reported strong fiscal Q1 2021 results, with system-wide sales increasing by 30.0% to $558.9 million and net income rising 62.5% to $13.2 million, or $0.44 per diluted share. Domestic same-store sales grew 20.7%, and digital sales reached 63.6% of total sales. The company opened 41 new restaurants, marking an increase of 11.7% year-over-year. Adjusted EBITDA soared 46.2% to $23.9 million. The company also announced a quarterly dividend of $0.14 per share, demonstrating confidence in its cash flow generation.
Wingstop (NASDAQ: WING) has announced a significant expansion into Canada, partnering with JPK Capital to open 100 locations over the next decade, starting with Toronto in early 2022. This move follows Wingstop's successful 2020, marked by 21.4% same-store sales growth and over 700% stockholder return since its IPO in 2015. Wingstop aims to leverage its tech capabilities for a superior customer experience as it seeks to become a Top 10 Global Brand, capitalizing on the increasing demand for its offerings in the Canadian market.
Wingstop Inc. (NASDAQ: WING) reported preliminary results for Q1 2021, showcasing strong growth metrics. The company opened 41 new locations, boosting its total to 1,579 restaurants, marking an 11.7% increase. Same-store sales surged by 20.7%, while system-wide sales rose 30.0%, reaching approximately $558.9 million. Digital sales also surged to 63.6%, up from 43.3% in Q1 2020. The company will discuss detailed financial results on April 28, 2021. CEO Charlie Morrison expressed confidence in achieving top global brand status.
Wingstop reported strong financial results for Q4 and fiscal year 2020 despite a net loss of $6.4 million, reflecting a loss per diluted share of $0.21. Key metrics included a 26.5% increase in system-wide sales to $502.5 million, an 18.2% rise in domestic same-store sales, and a domestic average unit volume (AUV) growth to $1.49 million. Total revenue rose 19.0% to $63.3 million. Adjusted net income was $5.3 million, with adjusted EBITDA up 14.7% to $16.2 million. Wingstop also plans to continue expanding, with a positive 3-5 year growth outlook.
Wingstop (NASDAQ: WING) is bringing back three popular remix flavors—Hot Lemon, Bayou BBQ, and Lemon Garlic—to its menus nationwide starting February 14, just in time for Valentine's Day. These flavors, inspired by fan feedback and social media buzz, will be available until June 21. Additionally, Wingstop will reward select fans with promo codes for $10 off their favorite remixes as part of its 'Return the Flavor' initiative. The brand aims to leverage the love and loyalty of its customers, marking another milestone in its successful marketing strategy.
Wingstop Inc. (NASDAQ: WING) will host a conference call on February 17, 2021, at 10:00 AM EST to discuss its fiscal fourth quarter and full year 2020 financial results. A press release with these results will be available the same day before market opening. The call will feature CEO Charlie Morrison and CFO Michael Skipworth. The public can access the call via phone or through a live webcast.
Wingstop operates over 1,500 locations globally, achieving a 20.1% increase in system-wide sales in 2019.
Wingstop Inc. (NASDAQ: WING) celebrates the opening of its 1,500th restaurant in Las Vegas, a significant milestone in its expansion strategy. This achievement follows the company’s adjustment of guidance for net new openings in 2020, increasing estimates from 120-130 to 135-140. With strong growth in its development pipeline and a goal of over 6,000 restaurants globally, Wingstop continues to thrive, having generated 62% of its sales through digital channels in Q3 2020. The company aims to solidify its position as a top 10 global restaurant brand.
Wingstop Inc. (NASDAQ: WING) reported strong financial results for Q3 2020, with system-wide sales up 32.8% to $509.2 million, and net income increasing 70.7% to $10.1 million, or $0.34 per diluted share. The company opened 43 new restaurants and saw domestic same-store sales grow by 25.4%. Additionally, a special dividend of $5.00 per share was approved, payable on December 3, 2020. The outlook includes 135-140 new openings for the year, enhancing its strong franchised business model.
Wingstop Inc. (NASDAQ: WING) announced a partnership with DoorDash to provide free delivery from October 30 to November 13 and again from November 27 to December 4 on orders via Wingstop.com and the app. This initiative follows a successful collaboration with DoorDash that began in 2017, expanding nationwide offerings after the pandemic shifted Wingstop's focus to off-premise dining. The brand reported digital sales making up 62.0% of total sales in the latest quarter, highlighting the growing importance of delivery services.