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Wingstop Names Craig Sherwood as SVP of US Development
Wingstop today announced the appointment of Craig Sherwood as its SVP of U.S. Development. Craig will lead domestic development and focus on executing Wingstop's domestic development playbook through new and existing franchisees as the brand scales its U.S. footprint.
"I'm excited for Craig to join the brand at such a pivotal time as we look to scale our 1,600+ restaurants base to 4,000 plus across the country," said Michael Skipworth, Wingstop President and CEO. "With an average unit volume of $1.6 million and our industry leading unit economics, our..."
Wingstop Delivers Flavor in the Form of Five Free Wings this National Chicken Wing Day
While flavor fanatics can enjoy wings any day of the week at Wingstop Inc., it's not every day that guests can get their favorite flavorful chicken wings free of charge – that is, until National Chicken Wing Day on Friday, July 29. The holiday, also known as "Wingstop Wing Day" by the brand, celebrates chicken lovers across the globe with five free craveable, cooked-to-order classic or boneless wings that are hand sauced-and-tossed in signature flavors with the code FREEWINGS at checkout...
Wingstop Brings the Heat with Hot Honey Rub to Celebrate Summer
It's officially summer and Wingstop Inc. is turning the heat up another notch with a limited-time flavor that's a match for the season. Beginning this week, fans get their hands on Wingstop's new Hot Honey Rub that's different from the rest.
Wingstop's Hot Honey Rub flavor pairs the sweetness of honey with a mouthwatering kick of heat from cayenne pepper and ancho chili. But this isn't the sticky, gooey hot honey that people have grown to expect. Wingstop's Hot Honey Rub is a crunchy, sweet, fiery dry rub...
Wingstop Signs Agreement for Development Rights for South Korea
Wingstop – the rapidly-growing and technology-forward fast casual wing restaurant – today announced an agreement for the development rights for South Korea, contributing to its robust international expansion pipeline. The agreement outlines an initial commitment of 60 restaurants over a ten-year period, with the potential for 200-250 total restaurants in the country, the first expected to open in early 2023.
Korea is a key growth market outlined in Wingstop's strategic roadmap to becoming a Top 10 Global Restaurant Brand. This expansion follows the brand's proven strategy that has been...
The Flavor Experts Bring Back Three Fan-Favorite Flavor Remixes
Wingstop fans love flavor and they're not afraid to show it. That's why Wingstop is bringing back three beloved flavor remixes: the zesty fire of Hot Lemon, the soulful tang of Bayou BBQ, and the savory punch of Lemon Garlic. These remixes are available now for a limited time in restaurants nationwide.
The remixes got their start when fans began posting on social media about combining two Wingstop flavors to create an original, new flavor from the distinctive, bold 11 flavors that anchor the menu on a daily basis...
Wingstop Inc. Reports Fiscal First Quarter Financial Results
Wingstop Inc. today announced financial results for the fiscal first quarter ended March 26, 2022.
Highlights for the fiscal first quarter 2022 compared to the fiscal first quarter 2021:
- System-wide sales increased 12.7% to $630.0 million- 60 net new openings in the fiscal first quarter 2022, an increase of 13.4%- Domestic same-store sales increased 1.2%- Three-year domestic same-store sales increased 31.8%- Domestic restaurant AUV increased to $1.6 million- Digital sales were 62.3% of sales, comparable to the prior fiscal first quarter...
Wingstop Inc. Completes $250 Million Securitization Transaction and Declares Special Dividend
Wingstop Inc., completed a securitized financing transaction on March 9, 2022, which included the issuance of a new series of $250 million of securitized notes (the "Notes"). The Series 2022-1 Class A-2 Senior Secured Notes are subject to 1% annual amortization, bear interest at a rate of 3.734% per annum, and have an anticipated repayment date of March 2029. Interest and principal payments on the Notes are payable on a quarterly basis.
In addition to the Notes, the Company also entered into a $200...
Wingstop Inc. Announces Intention to Enter Into New Securitized Financing Facility
Wingstop Inc., today announced its intention to complete a securitized financing transaction, which will include a new series of securitized debt. The Company also expects to enter into a new variable funding note facility.
The Company intends to issue $250 million of new securitized notes (the "Notes"), in addition to its existing Series 2020-1 Fixed Rate Senior Notes. The Company intends to use the net proceeds from the issuance to pay transaction fees, strengthen the Company's liquidity position, and for general corporate purposes, which may include a...
Wingstop Inc. Reports Fiscal Fourth Quarter Financial Results
Wingstop Inc. today announced financial results for the fiscal fourth quarter ended December 25, 2021.
Highlights for the fiscal fourth quarter 2021 compared to the fiscal fourth quarter 2020:
- 58 net new openings in the fiscal fourth quarter 2021- Domestic same store sales increased 7.5%- Two-year domestic same store sales increased 25.7%- Domestic average unit volume ("AUV") increased to approximately $1.6 million- System-wide sales increased 19.8% to $601.9 million- Digital sales were 61.3% of sales, comparable to the prior fiscal fourth quarter- Total revenue increased 13.8%...
"Boneless" on Valentine's Day? Wingstop Has You Covered
Wingstop is celebrating those who are proudly single this Valentine's Day – flipping the switch from couples in love, to the self-love that only a flavor fix can provide. On Feb. 14, Wingstop is rewarding singles who embrace their Boneless Valentine's Day with a promotion of $0.70 boneless wings and orders of regular Thigh Bites – juicy, breaded, bite-sized boneless chicken – for $4.49.
With over 1,600 locations worldwide, Wingstop's made-to-order, sauced-and-tossed wings are reliable – never ghosting and incapable of heartbreak...
Wingstop Appoints First Chief People Officer
Wingstop today announced the appointment of Donnie Upshaw to Chief People Officer. Donnie joined Wingstop in 2018 and most recently served as Senior Vice President of People.
"After nearly 4 years of transformational leadership and growth, I'm thrilled to congratulate Donnie on this wonderful achievement," said Wingstop Chairman and CEO Charlie Morrison. "People are the foundation of our strategy and Donnie has made a tremendous impact on our talent framework and culture, which has propelled us forward with industry-leading growth."
Donnie has been instrumental in instilling The Wingstop Way...
Wingstop Inc. Reports Fiscal Third Quarter Financial Results
Wingstop Inc. today announced financial results for the fiscal third quarter ended September 25, 2021.
Highlights for the fiscal third quarter 2021 compared to the fiscal third quarter 2020:
- System-wide sales increased 16.7% to $594.3 million- 49 net new openings in the fiscal third quarter 2021, an increase of 13.1%- Domestic same-store sales increased 3.9%- Domestic restaurant AUV of approximately $1.6 million- Digital sales were 61.6% of sales, comparable to the prior fiscal third quarter- Total revenue increased 2.8% to $65.8 million, which was impacted by...
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