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.
Wingstop reported a 15.8% increase in system-wide sales to $589.7 million for Q2 2021, driven by 45 new openings and a 2.1% rise in domestic same-store sales. Revenue rose 11.9% to $74 million, while net income was $11.3 million or $0.38 per diluted share. The company has opened over 200 restaurants in the past year and continues to project mid-single digit same-store sales growth. Notably, the quarterly dividend increased by 21% to $0.17 per share.
As National Chicken Wing Day approaches on July 29, Thighstop, a virtual brand by Wingstop (WING), is introducing 'Thighstop Thigh Day' due to a national chicken wing crisis. To celebrate, Thighstop offers two free bone-in thighs with a qualifying purchase of $15. The deal is available via Thighstop.com or DoorDash. A new limited-time flavor, Jamaican Jerk BBQ, will also debut. Additionally, Thighstop is donating $100,000 to Wingstop Charities to benefit local youth. Launched in June 2021, Thighstop serves crispy thighs and has over 1,400 locations nationwide.
Wingstop Inc. (NASDAQ: WING) will host a conference call on July 28, 2021, at 10:00 AM EST to discuss its fiscal second quarter 2021 financial results. The call will feature CEO Charlie Morrison and CFO Michael Skipworth. A press release with the results will be issued before the market opens on the same day. The conference call can be accessed by phone or via a live webcast, with a replay available afterward. Wingstop, headquartered in Dallas, operates over 1,500 locations and reported a 28.8% increase in system-wide sales in fiscal 2020, to approximately $2.0 billion.
Thighstop, a new virtual brand launched on June 21, 2021, offers chicken thigh dishes as an alternative to chicken wings amid concerns of a potential shortage. With over 1,400 locations, the brand provides flavorful options like bone-in and breaded boneless thighs, available through Thighstop.com and DoorDash. Customers can enjoy thighs in 11 distinct flavors inspired by Wingstop. CEO Charlie Morrison emphasizes Thighstop's goal of delivering familiar dining experiences conveniently, catering to a growing consumer demand for flavorful chicken offerings.
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.