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. (WING) operates a global network of fast-casual restaurants renowned for its signature chicken wings and franchise-driven growth strategy. This page provides investors and industry observers with timely access to official company announcements, financial disclosures, and operational developments.
Discover comprehensive coverage of earnings reports, franchise expansion initiatives, menu innovations, and leadership updates. Our curated news collection enables efficient tracking of Wingstop's performance in key areas including digital ordering growth, international market penetration, and supply chain management.
All content undergoes strict verification to ensure accuracy and relevance. Users will find updates categorized by material developments, strategic partnerships, and regulatory filings - essential information for assessing the company's position in the competitive restaurant sector.
Bookmark this page for direct access to Wingstop's latest press releases and market-moving announcements. Combine our real-time updates with historical data to analyze long-term trends in franchise performance and consumer demand patterns.
Wingstop (WING) reported strong fiscal Q4 and full-year 2024 results, marking its 21st consecutive year of same-store sales growth. The company achieved record expansion with 349 net new restaurants and 15.8% unit growth in 2024, reaching 2,563 worldwide locations. System-wide sales increased 36.8% to $4.8 billion, while domestic same-store sales grew 19.9%.
Q4 2024 highlights include a 27.4% revenue increase to $161.8 million, net income growth of 42.2% to $26.8 million, and digital sales reaching 70.3% of system-wide sales. Domestic restaurant Average Unit Volume (AUV) increased to $2.1 million.
For 2025, Wingstop expects low-to-mid-single digit domestic same-store sales growth and global unit growth of 14-15%. The company also announced a quarterly dividend of $0.27 per share and continued its share repurchase program with $311.1 million remaining available.
Wingstop Inc. (NASDAQ: WING) has announced expanded efforts to support communities affected by the Southern California wildfires through a partnership with the American Red Cross. The company will match customer donations dollar-for-dollar up to $500,000 through February 15, 2025. Customers can participate by rounding up their orders to the nearest dollar when purchasing through Wingstop.com or the mobile app.
CEO Michael Skipworth emphasized the devastating impact of the wildfires, particularly in Los Angeles County, stating they are among California's most destructive. In addition to the fundraising campaign, Wingstop is providing free meals to first responders who show their badge and delivering food to local fire stations and medical facilities to support emergency personnel.
Wingstop Inc. (NASDAQ: WING) has announced it will release its fiscal fourth quarter and full year 2024 financial results on Wednesday, February 19, 2025. The company will issue a press release before market opening, followed by a conference call and webcast at 10:00 a.m. ET.
Investors can join the conference call by dialing 1-877-259-5243 (domestic) or 1-412-317-5176 (international). A replay will be available through February 26, 2025, accessible via 1-877-344-7529 or 1-412-317-0088 using replay code 4605313. The webcast will be available on Wingstop's investor relations website and can be accessed directly through the provided link.
Wingstop (NASDAQ: WING) has announced a $500 million expansion of its share repurchase program, following the completion of its initial $250 million authorization from August 2023. The company plans to execute a $250 million accelerated share repurchase program in Q4 2024.
Since its 2015 IPO, Wingstop has returned over $1 billion of capital to shareholders. The company will fund the repurchases using existing cash and proceeds from a recently completed $500 million financing transaction that closed on December 3, 2024. The repurchases may be conducted through open market transactions, private negotiations, or other means, with timing and amount determined by market conditions and other factors.
Wingstop (NASDAQ: WING) has announced plans for a new securitized financing transaction. The company intends to issue $500 million of new securitized notes, complementing its existing Series 2022-1 and Series 2020-1 Fixed Rate Senior Notes. Additionally, Wingstop plans to increase its variable funding note facility capacity from $200 million to $300 million. The proceeds will be used for transaction fees, strengthening liquidity, and general corporate purposes, including potential stock repurchases. Currently, there are no outstanding borrowings under the existing variable note funding facility. The transaction is expected to close in Q4 2024, subject to market conditions.
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.
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