Wingstop Inc Stock Price, News & Analysis

Wingstop Inc. (NASDAQ: WING) is launching a limited-edition flavor, Blazed & Glazed, in celebration of 4/20, available from April 18 to 22 in restaurants nationwide. This flavor, crafted with hemp seeds, terpenes, strawberry, and cayenne pepper, is designed to capture the essence of the cannabis holiday without psychoactive effects. The brand aims to engage cannabis-loving fans and will also participate in the 4/20 celebrations at Hippie Hill in San Francisco. This initiative reflects Wingstop's strategy to expand its audience as it continues to grow its sales and brand presence.

Wingstop Inc. (NASDAQ: WING) announced a conference call for its fiscal first quarter 2022 financial results on May 4, 2022, before the market opens. The call will start at 10:00 AM EST and will be accessible via phone and webcast. Additionally, an investor day is scheduled for May 17, 2022, at 10:30 AM EST, where leadership will discuss strategic priorities and growth catalysts. These events highlight Wingstop's commitment to transparency and engagement with its investors.

Wingstop (NASDAQ: WING) announced its expansion into Spain, opening four ghost kitchens in Madrid, starting March 31, 2022. This marks Wingstop's entry into the Spanish market, aiming to replicate its success seen in the UK and the US. The company expects to establish a traditional franchise model in Spain over time, emphasizing its unique flavor offerings. Wingstop's recent strong performance includes a system-wide sales increase to $2.3 billion in 2021, reflecting a 20.2% growth from 2020. The brand plans further international expansion, targeting markets in EMEA.

Wingstop announced the resignation of Charlie Morrison as CEO and Chairman, effective March 13, 2022. Michael Skipworth, previously President and COO, will take over as CEO. Morrison leaves to become CEO of Salad And Go after a significant tenure at Wingstop. Under Skipworth's leadership since 2014, the brand achieved a successful IPO in 2015 and recorded a 20.2% increase in system-wide sales to approximately $2.3 billion in fiscal 2021. Lynn Crump-Caine is appointed as Chair of the Board.

Wingstop completed a $250 million securitized financing transaction on March 9, 2022, issuing new 3.734% Notes with a 2029 repayment date. A $200 million variable funding note facility was also established to enhance liquidity. The Board approved a special dividend of $4.00 per share, payable to stockholders of record by March 24, 2022. This brings total capital returns to over $645 million since the IPO. Fiscal 2022 guidance includes $23.5 million interest expense and a 27-28% effective tax rate.

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.