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. reports developments for a fast-casual chicken restaurant brand built around classic and boneless wings, tenders, chicken sandwiches, sauces, sides, and housemade ranch and bleu cheese dips. The company operates an asset-light, highly franchised restaurant system with brand partners owning most locations worldwide.
Recurring news includes quarterly financial results, system-wide sales, same-store sales, domestic average unit volume, restaurant openings, royalty and advertising-fee trends, capital allocation, share repurchase authorizations, leadership updates, limited-time flavors, beverage pairings, and brand collaborations.
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.
Wingstop Inc. (NASDAQ: WING) announced on October 8, 2020, an increase in its senior term notes offering from $400 million to approximately $480 million. This refinancing plan aims to strengthen liquidity and may include capital returns to shareholders. As of September 26, 2020, the Company had an outstanding balance of $317 million in senior term notes. The refinancing transaction, expected to close in Q4 2020, is subject to market conditions and may not be finalized. The proceeds from this offering will be used to pay off existing debts and transaction costs.