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. (NASDAQ: WING) generates frequent news as a fast-growing, highly franchised chicken restaurant brand headquartered in Dallas, Texas. Founded in 1994, the company focuses on cooked-to-order wings, crispy tenders and chicken sandwiches, and reports operating and franchising more than 3,000 restaurants worldwide with approximately 98% owned by brand partners.
News about Wingstop often centers on unit development and global expansion. Recent releases highlight record net new openings in consecutive quarters, rapid growth from roughly 2,800 to over 3,000 system-wide restaurants, and entry into new international markets such as Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia and The Netherlands, along with plans to open in Thailand, Italy and Ireland.
Investors also follow quarterly financial results, where Wingstop reports system-wide sales, domestic average unit volume (AUV), domestic same store sales trends and non-GAAP metrics like Adjusted EBITDA. These earnings updates are typically accompanied by guidance on global unit growth, same store sales expectations, SG&A, stock-based compensation and other outlook items.
On the brand and menu side, Wingstop issues news on limited-time flavors and promotions, including Wingstop Drop campaigns, buy-one-get-one offers on tenders and chicken sandwiches, and special flavors such as Fiery Lime and Hot Lemon. The company also announces marketing partnerships, such as collaborations with athletes like Paige Bueckers and its designation as the Official Chicken Partner of the NBA.
For followers of WING stock, this news feed provides a single place to review restaurant openings, international expansion, promotional activity, brand collaborations and financial performance updates that shape Wingstop’s growth story.
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Wingstop announces the appointment of Raj Kapoor as SVP, President of International, effective April 26, 2023. Kapoor brings 28 years of leadership experience from 7-Eleven, where he held several senior roles, including VP of International. His main responsibilities will center on enhancing Wingstop's growth and development strategy for international markets and overseeing existing international operations.
CEO Michael Skipworth expressed optimism about Kapoor's leadership, coinciding with the brand's momentum and a goal of expanding to over 3,000 international locations. The recent opening of the first restaurant in South Korea marks a significant step towards a target of over 7,000 global units, further solidifying Wingstop's position in the fast-growing restaurant sector.
Wingstop (NASDAQ: WING) is introducing a new menu item, the Wingstop Hot Box, available from April 20-23, 2023. This limited-time offer includes a choice of a Chicken Sandwich, 8-piece wings, or 3-piece tenders, all seasoned with a spicy, cheesy dry rub, served with fries and a drink. Prices range from $8.99 to $13.99 based on the protein selected. CEO Michael Skipworth highlighted the company's intention to enhance the holiday experience with this flavorful offering. The promotion emphasizes the brand's commitment to delivering exceptional taste and engaging with its fanbase.Wingstop's 2022 system-wide sales reached approximately $2.7 billion, showcasing a 16.8% increase, marking 19 consecutive years of same-store sales growth.
Wingstop Restaurants Inc. (NASDAQ: WING) has appointed 72andSunny as its new creative agency, aiming to boost brand awareness and achieve an annual unit volume (AUV) of $2 million. The partnership seeks to enhance marketing efforts through innovative advertising and strategic outreach, following a successful year of 19 consecutive years of same-store sales growth. In 2022, Wingstop reported system-wide sales of approximately $2.7 billion, reflecting a 16.8% increase. The company plans to announce its fiscal Q1 2023 financial results on May 3, 2023, as it strives to reach its goal of becoming a Top 10 Global Restaurant Brand.
Wingstop Inc. (NASDAQ: WING) will announce its fiscal first quarter 2023 financial results on May 3, 2023, at 10:00 AM ET. The press release will be available before market opening. Investors can join the conference call by dialing 1-877-259-5243 or access a recorded replay later. Wingstop operates over 1,950 locations globally and reported system-wide sales growth of 16.8% in fiscal 2022, reaching approximately $2.7 billion. The company aims to become a Top 10 Global Restaurant Brand, emphasizing its franchise model where 98% of locations are independently operated.
Wingstop (NASDAQ: WING) has launched three new flavors—Pure Mayhem, Crunch Time, and Meltdown—exclusive to the tournament season, enhancing their menu offerings. These flavors are part of the Full Court Meal promotion, which includes 12 classic wings, eight boneless wings, a large fry, and two dips for $20.99, available until April 3, 2022. The new flavors are designed to complement the basketball viewing experience, catering to fan preferences. Wingstop continues to thrive, with fiscal year 2022 system-wide sales at approximately $2.7 billion, marking the 19th consecutive year of same-store sales growth.
In celebration of National Ranch Day on March 10, 2023, Wingstop (NASDAQ: WING) is offering a unique promotion with limited-edition ranch-inspired soaps and free ranch for customers. The first 100 fans can claim ranch-scented soaps by visiting BatheInRanch.com at 10 a.m. CT on March 10. Customers can also receive a free regular-sized ranch dip at participating locations using the code "FREERANCH" on Wingstop.com. This initiative reflects Wingstop's commitment to customer engagement and its popular ranch flavor, as emphasized by its President & CEO, Michael Skipworth.