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.
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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.
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.