Wingstop Inc Stock Price, News & Analysis

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.

Wingstop (NASDAQ: WING) is set to expand in Manhattan, NY, planning over 20 new openings in the next three years. This initiative combines traditional locations and ghost kitchens, tapping into the brand's successful UK strategy, which has seen average unit volumes of over two million dollars. The brand's robust development pipeline has led to record openings, including 49 new restaurants in Q3 2021 and a total of 153 new restaurants in 2020. Wingstop aims to enhance shareholder returns through its strategic investments in high-demand urban markets.

Wingstop announced its fiscal third quarter 2021 financial results, showing a 16.7% increase in system-wide sales to $594.3 million and 49 net new openings, a 13.1% rise year-on-year. Domestic same-store sales rose 3.9%, with total revenue increasing 2.8% to $65.8 million. Net income climbed 12.0% to $11.3 million or $0.38 per diluted share. Despite high chicken prices, adjusted EBITDA grew 16.2% to $21.4 million. The company anticipates 7-8% same-store sales growth for the fiscal year.

Wingstop Inc. (NASDAQ: WING) will announce its fiscal third quarter 2021 financial results on November 3, 2021, before market opening. A conference call to discuss these results is scheduled for 10:00 AM EST on the same day. The call can be accessed by dialing 1-844-200-6205, with a replay available until November 10, 2021. Wingstop operates over 1,600 locations globally and has seen significant growth, with a 28.8% increase in system-wide sales for fiscal year 2020, totaling approximately $2.0 billion.

Wingstop (Nasdaq: WING) announced that Nicolas Boudet has been promoted to Senior Vice President of Global Development while retaining his position as President of International. This move reflects his significant contributions to Wingstop's global expansion, notably in the UK and through the introduction of ghost kitchens. The company expects to double its presence in Mexico and enter Canada by 2022. Wingstop has achieved remarkable financial performance, with 2020 system-wide sales soaring 28.8% to $2 billion, marking 17 consecutive years of same-store sales growth.

Wingstop (Nasdaq: WING) has officially added crispy bone-in thighs and boneless Thigh Bites to its menu, responding to customer demand after the successful launch of its virtual brand, Thighstop. The new offerings will be available in various meal options alongside Wingstop's classic wings. To celebrate, Wingstop is introducing 'Thigh Thursday' where customers can enjoy special pricing on Thigh Bites. This expansion aims to enhance the menu and amplify the flavor experience for guests, demonstrating Wingstop's commitment to innovation and customer satisfaction.