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 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.
Wingstop Inc. (NASDAQ: WING) reported impressive fiscal first quarter 2024 financial results, showing a 36.8% increase in system-wide sales, 21.6% domestic same store sales growth, and an 83.5% surge in net income. Total revenue rose to $145.8 million, with adjusted EBITDA up 45.3% to $50.3 million. The company plans low double-digit domestic same store sales growth and 275 to 295 global net new units for 2024. Despite rising costs, Wingstop remains committed to shareholder value, approving a $0.22 quarterly dividend per share.
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