Wingstop Inc Stock Price, News & Analysis

Wingstop Inc. (Nasdaq: WING) celebrates National Ranch Day on March 10, 2022, by offering complimentary ranch dip for digital purchases through Wingstop.com/app using the code "RANCHDAY." Fans are encouraged to share their ranch moments on social media. Chef Larry Bellah shares tips for enhancing ranch flavors, suggesting combinations with various sauces. In 2021, Wingstop achieved a 20.2% increase in system-wide sales, totaling approximately $2.3 billion, marking 18 consecutive years of same-store sales growth. The company aims to enhance digital sales through ongoing tech investments.

Wingstop Inc. (Nasdaq: WING) is enhancing fan experiences during the basketball tournament with a free delivery promotion and bundle offer, while also supporting women's athletics through 11 NIL partnerships with standout female players. The initiative aims to give visibility to women in sports, addressing historical disparities in media coverage and sponsorship. The promotion includes offers from March 17-20, March 24-27, and April 1-4, and a Big Night In Bundle for $19.99. Wingstop's extensive advertising will be featured on ESPN and ESPN 2, aligning with its commitment to diversity and inclusion.

Wingstop Inc. (NASDAQ: WING) announced plans for a securitized financing transaction, intending to issue $250 million in new securitized notes. The funds will enhance liquidity and cover transaction fees. Additionally, a new variable funding note facility will replace the existing $50 million facility, with a potential increase in borrowing capacity up to $200 million. The transaction is contingent on market conditions and is expected to close in Q1 2022. Wingstop aims to strengthen its financial standing while supporting potential shareholder returns.

Wingstop's Q4 2021 results show a 13.8% increase in total revenue to $72.0 million, with net income rising to $6.9 million or $0.23 per diluted share, recovering from a loss of $6.4 million a year prior. Same-store sales grew by 7.5%, supported by a 19.8% surge in system-wide sales, totaling $601.9 million. The company opened 58 new locations in Q4, contributing to an increase in domestic average unit volume to $1.6 million. For 2021, total revenue reached $282.5 million, marking a 13.5% rise.

Wingstop (Nasdaq: WING) is introducing a special Valentine's Day promotion for singles on February 14, featuring $0.70 boneless wings and $4.49 regular Thigh Bites. With over 1,600 locations, this limited-time offer will be available for in-restaurant and delivery orders. Wingstop also aims to connect with singles through targeted advertising on Tinder, enhancing engagement around this promotion. Additionally, couples can enjoy a special meal for two, underlining Wingstop's commitment to broadening its appeal. This initiative reflects Wingstop's focus on customer experience and flavor.

Wingstop (NASDAQ: WING) has unveiled its "restaurant of the future" in Dallas, a prototype designed for rapid testing of equipment and layouts, focusing on enhancing customer experience through digital transactions. This 1,300 square foot location promotes a carryout and delivery-only model, aiming for 100% digital orders. Key features include a cashless environment, energy-efficient equipment, and innovative ordering solutions. With nearly 100% of orders being delivery or carryout, this model reflects Wingstop's commitment to efficiency and customer preferences as it aims to become a top global restaurant brand.

Wingstop Inc. (NASDAQ: WING) announced a conference call on February 16, 2022, at 10:00 AM EST, to discuss its fiscal fourth quarter and full year 2021 financial results. A press release will be issued prior to market opening that day. The conference call will be available via phone and webcast, with a replay accessible for a week after the call. Wingstop operates over 1,600 locations and reported significant sales growth in previous years, with system-wide sales soaring 28.8% to approximately $2.0 billion in 2020.

Wingstop has appointed Donnie Upshaw as its first Chief People Officer, effective December 16, 2021. Upshaw, who has been with the company since 2018 and previously served as Senior Vice President of People, is recognized for his significant contributions to the company's talent framework and culture. Wingstop's Chairman and CEO Charlie Morrison praised Upshaw's role in leading culture and strategy for talent management. The company continues to experience strong growth, achieving record sales and expansion during recent quarters, underscoring the importance of its people-centric approach.

Wingstop (Nasdaq: WING) has launched a new limited-time flavor, Orange Szechuan, at all its locations. This sauce blends mandarin orange, soy, and Szechuan peppers for a unique taste experience. The introduction follows customer requests for this trending flavor and reflects Wingstop's innovative approach to menu development. With over 1,600 locations, Wingstop continues to focus on digital sales, which accounted for 61.6% of total sales in the last fiscal quarter. The company remains committed to enhancing customer experience with exciting new flavors.