Wingstop Inc Stock Price, News & Analysis

Wingstop (NASDAQ: WING) has introduced a Round-Up program on Giving Tuesday, allowing customers to round up their bills for charitable donations. The funds collected will support Wingstop Charities, focusing on youth engagement in arts, sports, education, and more. Since 2016, Wingstop Charities has distributed over $1 million across 87 cities. The program aims to generate an additional $2 million annually for community grants. CEO Michael Skipworth emphasizes the company's commitment to local community support through grants and scholarships.

On November 8, 2022, Wingstop (NASDAQ: WING) announced a 'buy one get one free' (BOGO) chicken sandwich promotion for National Chicken Sandwich Day on November 9. Customers can access this deal using code 'BOGOSAMMY' at Wingstop.com or through delivery apps like Uber Eats and DoorDash. Wingstop's sandwiches feature 12 bold flavors and are priced at $5.49 each. The brand previously sold one million sandwiches in six days during the initial launch, indicating strong consumer demand. The promotion aims to boost sales and brand engagement.

Wingstop Inc. (NASDAQ: WING) reported strong fiscal third quarter results for 2022, highlighting a 40.9% increase in total revenue to $92.7 million and a 17.7% rise in system-wide sales to $699.6 million. Net income rose 18.4% to $13.4 million, translating to $0.45 per diluted share. The company forecasted an increase in earnings per share guidance to $1.61 - $1.63. With 40 net new openings and a 6.9% growth in domestic same store sales, Wingstop is on track for its 19th consecutive year of same store sales growth, bolstered by reduced wing costs.

Wingstop (NASDAQ: WING) is celebrating its expansion in New York City with exclusive giveaways, including 'Free Chicken Sandwiches for a Year' starting October 18, 2022. The first 50 fans at specific locations will receive gift cards valued at $350. After a successful initial launch in August, the Chicken Sandwich returns to meet high consumer demand. Wingstop operates over 1,850 locations globally, with a reported system-wide sales increase of 20.2% to approximately $2.3 billion for fiscal year 2021, marking 18 consecutive years of same-store sales growth.

Wingstop Inc. (NASDAQ: WING) will host a conference call and webcast on October 26, 2022, at 10:00 AM EST, to discuss its fiscal third quarter 2022 financial results. A press release detailing these results will be issued before market opening that day. The conference call can be joined by calling 1-877-259-5243 or checking the company’s investor relations website for live streaming and archives. The company operates over 1,850 locations globally and aims to become a top global restaurant brand.

Wingstop (NASDAQ: WING) announced the appointment of Craig Sherwood as SVP of U.S. Development, aiming to expand its presence from over 1,600 locations to 4,000+ across the U.S. Sherwood's prior experience includes leadership roles at Little Caesars and Gold's Gym. The company reported an average unit volume of $1.6 million and opened a record 127 new units in the first half of 2022, contributing to a total system-wide sales increase of 20.2% to approximately $2.3 billion in fiscal 2021.

Wingstop (NASDAQ: WING) launched its Chicken Sandwich nationwide on August 30, 2022, offering 12 bold flavors. To encourage customers to switch from their current choices, they are giving away 100,000 free sandwiches to those who submit a breakup letter via ChickenSandwichSplit.com before September 5. The sandwich costs $5.49 and includes a side of Wingstop's popular ranch. The brand aims to attract new customers while rewarding loyal fans with this innovative menu item. In fiscal year 2021, Wingstop's system-wide sales rose 20.2% year-over-year to approximately $2.3 billion.

Wingstop Inc. (WING) reported a 13.2% increase in total revenue to $83.8 million for Q2 2022, with net income rising 17.6% to $13.3 million, or $0.44 per diluted share. Despite a 3.3% decline in domestic same-store sales, the company experienced a 14.4% growth in unit openings, totaling 1,858 restaurants. Digital sales made up 60.5% of total sales. The company reiterated its 2022 guidance, anticipating low-single digit growth in same-store sales and increasing its projected net openings to 220-235 restaurants. A quarterly dividend was also raised to $0.19 per share.

On July 29, Wingstop celebrates National Chicken Wing Day by offering fans five free wings with a qualifying purchase. Customers can redeem this promotion using the code FREEWINGS at participating locations. Each redemption will trigger a donation of $1 to Wingstop Charities up to $100,000, supporting local youth programs. During the fiscal year 2021, Wingstop reported a 20.2% increase in system-wide sales, totaling approximately $2.3 billion. The promotion aims to enhance customer engagement and community support.