Wingstop Inc Stock Price, News & Analysis

Wingstop reported its fiscal fourth quarter and full year 2022 results, achieving a significant 28.9% increase in system-wide sales to $775.7 million. Net income surged 155.2% to $17.6 million, or $0.59 per diluted share. The full year saw a 16.8% rise in system-wide sales totaling $2.7 billion and a 13.2% increase in restaurant count to 1,959 locations. Domestic same store sales demonstrated growth, increasing 8.7% in Q4 and 3.4% for the year. Future guidance remains positive, with plans to open approximately 240 new units in 2023, alongside a quarterly dividend of $0.19 per share.

Wingstop Inc. (NASDAQ: WING) has reintroduced its popular Hot Honey Rub to menus nationwide due to high demand from fans. Initially launched in June 2022, the flavor combines sweetness with a spicy kick. To engage fans, Wingstop is granting access to an exclusive Instagram Close Friends cohort for those who share their excitement using the hashtag #WingstopHotHoney until February 13, 2023. This initiative includes rewards such as limited-edition merchandise and brand insights. Wingstop operates over 1,900 locations globally, achieving significant sales growth with system-wide sales reaching approximately $2.3 billion in 2021.

Wingstop Inc. (NASDAQ: WING) announced a conference call and webcast to discuss its fiscal Q4 and full-year 2022 financial results on February 22, 2023, at 10:00 AM EST. A press release detailing the financial outcomes will be issued prior to market open that day. Investors can join the call at 1-877-259-5243 or access the webcast via Wingstop's investor relations website. The company, founded in 1994 and headquartered in Dallas, operates around 1,900 locations globally and reported a 20.2% year-over-year increase in system-wide sales to approximately $2.3 billion in fiscal 2021.

The law firm of Federman & Sherwood has initiated an investigation into a data breach at Wing Financial, a franchise of Jackson Hewitt, based in Bartlesville, Oklahoma. The breach, reported on December 1, 2022, affected over 240,000 individuals, with sensitive information such as names, Social Security numbers, financial details, and medical history compromised. The firm is inviting those affected to discuss legal actions regarding this breach.

Wingstop (NASDAQ: WING) has launched a new limited-time flavor, Carolina Gold BBQ, inspired by Southern BBQ traditions, available from December 6 to 19. This flavor features a unique twist on the classic mustard-based sauce, emphasizing sweetness to appeal to a broader audience. The Carolina Gold BBQ can be enjoyed on various menu items, including the new Chicken Sandwich. Additionally, Wingstop is promoting a buy-one-get-one-free Chicken Sandwich offer via Uber Eats during this period, enhancing the customer experience and driving sales.

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.