Wingstop Inc Stock Price, News & Analysis

Wingstop reported strong fiscal Q3 2024 results with system-wide sales increasing 39.4% to $1.2 billion. The company achieved record growth with 106 net new openings and 17.1% unit growth. Domestic same-store sales rose 20.9%, primarily driven by transaction growth. Total revenue increased 38.8% to $162.5 million, while net income grew 31.9% to $25.7 million. Digital sales represented 69.0% of system-wide sales. The company reiterated guidance of approximately 20% domestic same-store sales growth for fiscal year 2024 and updated its global net new units target to 320-330.

Wingstop (NASDAQ: WING) has become the Official Chicken Partner of the NBA and NBA G League in a multiyear partnership, marking its first official partnership with a major U.S. professional sports league. With over 2,350 restaurants, Wingstop will gain media exposure through virtual and courtside signage during nationally televised NBA broadcasts and across league social platforms. The partnership includes a presence at NBA All-Star events, starting with NBA All-Star 2025 in San Francisco, where Wingstop will be the presenting partner of the Ruffles NBA All-Star Celebrity Game Green Carpet. The company already maintains partnerships with several NBA teams, including the Chicago Bulls, Detroit Pistons, Los Angeles Lakers, Milwaukee Bucks, and New York Knicks.

Wingstop is launching a month-long initiative in October to benefit St. Jude Children's Research Hospital. Customers can round up their checks on Wingstop.com or the Wingstop app to the nearest dollar, with 100% of donations supporting St. Jude's mission to find cures and save children. The initiative coincides with National Children's Health Day.

Donations will help fund St. Jude's research to cure childhood cancer and ensure that families impacted by pediatric cancer do not receive bills for treatment, travel, housing, or food. Wingstop's President & CEO, Michael Skipworth, emphasized the company's commitment to giving back as their business continues to grow.

Wingstop Inc. (NASDAQ: WING) has announced that it will host a conference call and webcast to discuss its fiscal third quarter 2024 financial results on Wednesday, October 30, 2024 at 10:00 a.m. ET. A press release with the financial results will be issued before the market opens that morning.

Interested parties can join the conference call by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call until Wednesday, November 6, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 (international) with the replay code 2235392.

The conference call will also be webcast live and archived on the investor relations section of Wingstop's corporate website at ir.wingstop.com under the 'News & Events' section. The webcast can be accessed directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=dBRZsHLJ.

Wingstop (NASDAQ: WING) has introduced a new -time offer (LTO) flavor called Sweet BBQ Blaze, available nationwide from August 26, 2024. This innovative flavor combines elements of Kansas City and Nashville BBQ styles, featuring a dry rub seasoning over a wet sauce. The result is a sweet, smoky, and unexpected taste experience.

Sweet BBQ Blaze can be applied to Wingstop's cooked-to-order wings, chicken sandwiches, and tenders. Chief Brand Officer Melissa Cash emphasizes that this new flavor 'turns BBQ on its head' and offers a unique spin on a classic. The timing of the release coincides with the start of football season, making it an ideal option for watch parties and tailgates.

Wingstop Inc. (NASDAQ: WING) reported strong fiscal Q2 2024 results, with system-wide sales up 45.2% to $1.2 billion. The company saw 28.7% growth in domestic same-store sales, driven primarily by increased transactions. Total revenue rose 45.3% to $155.7 million, while net income surged 69.9% to $27.5 million. Wingstop opened 73 net new restaurants, bringing its total to 2,352 locations worldwide. The company's domestic average unit volume (AUV) reached $2.0 million, a target achieved two years ahead of schedule. Based on these results, Wingstop updated its 2024 guidance, projecting approximately 20% domestic same-store sales growth and 285-300 global net new units.

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.

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.

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.