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. reports developments for a fast-casual chicken restaurant brand built around classic and boneless wings, tenders, chicken sandwiches, sauces, sides, and housemade ranch and bleu cheese dips. The company operates an asset-light, highly franchised restaurant system with brand partners owning most locations worldwide.
Recurring news includes quarterly financial results, system-wide sales, same-store sales, domestic average unit volume, restaurant openings, royalty and advertising-fee trends, capital allocation, share repurchase authorizations, leadership updates, limited-time flavors, beverage pairings, and brand collaborations.
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.
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.