Wingstop

Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants. The company was founded in 1994 and is headquartered in Addison, TX.

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Wingstop reports stellar 2022 performance, eyes global expansion opportunities

Wingstop's strong financial performance and growth trajectory position the company for continued success in 2023 and beyond.
While facing challenges in cost management and potential volatility, Wingstop's strategic initiatives and focus on customer engagement present opportunities for sustained growth.
The company's commitment to innovation, community involvement, and brand building underscores its resilience and potential for long-term value creation.

Wingstop reports stellar Q1 growth, eyes international expansion opportunities

Wingstop's Q1 2023 performance reflects robust growth driven by transactional success and strategic initiatives, positioning the company for sustained success.
While facing challenges in cost management and strategic investments, Wingstop's focus on profitability, brand strength, and market expansion presents significant opportunities.
With a strong financial performance, customer base diversification, and international growth prospects, Wingstop is poised for continued success and market leadership.

Wingstop reports stellar Q2 results, eyes global expansion opportunities

Wingstop's Q2 2023 showcased robust performance with strong sales growth, driven by strategic initiatives and digital transformation.
The company's focus on brand innovation, delivery expansion, and data-driven marketing is positioning it for sustained growth.
Despite challenges and macroeconomic uncertainties, Wingstop is optimistic about its long-term growth trajectory and international expansion.

Wingstop reports stellar Q3 results, eyes tech innovation for growth

Wingstop's Q3 performance reflects industry leadership with strong sales growth and digital innovation, positioning the company for sustained success and growth.
The company's strengths lie in operational excellence, digital sales growth, and effective marketing strategies, supported by strong unit economics and shareholder returns.
Challenges in maintaining growth momentum, managing costs, and strategic pricing require attention, while opportunities in tech innovation, market expansion, and brand enhancement are key for future success.
Overall, Wingstop's strategic focus on growth, innovation, and customer engagement sets a positive trajectory for continued success and market leadership in the future.

Wingstop achieves record results, eyes digital growth and global expansion

Wingstop's Q4 2023 performance reflects robust growth, driven by strong same-store sales, new restaurant openings, and digital sales milestones.
The company's strengths lie in its solid unit economics, brand loyalty, and operational efficiency, positioning it for sustained success.
While facing challenges such as cost pressures and performance variations, Wingstop is actively pursuing opportunities in digital innovation, global expansion, and pricing strategies.

Wingstop excels in Q1, eyes global expansion amid challenges

Wingstop's Q1 2024 earnings call highlighted exceptional performance, with strong same-store sales growth, revenue increase, and strategic investments in technology and advertising partnerships.
While facing macroeconomic uncertainties and global challenges, the company remains confident in its growth prospects, focusing on operational excellence and shareholder value.
The outlook for Wingstop is optimistic, with opportunities in expanding AUVs, international markets, and new franchise deals, positioning the company for sustained success and brand growth.

Wingstop soars in Q2 with record sales and digital dominance

Wingstop's Q2 performance reflects robust growth driven by strategic initiatives and digital sales dominance. The company faces challenges in sustaining momentum and staying competitive but has ample opportunities for expansion and shareholder value enhancement.

Wingstop excels in Q3 with record sales and strategic partnerships

Wingstop's Q3 performance reflects robust growth across key metrics, demonstrating operational excellence and market leadership.
While facing challenges in sustaining high growth rates and managing rapid expansion, the company's strengths in brand loyalty and cost management position it well for the future.
Strategic partnerships and technological advancements present promising opportunities for continued growth and market differentiation in the competitive restaurant industry.

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Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company was founded in 1994 and is headquartered in Addison, TX.

At a time when many consumers may have forgotten what deflation is, Wingstop said it's reaping the benefits of lower chicken wing prices.

There is deflation in some items as Wingstop notes dropping chicken wing prices

Investors smell a tasty bargain after a relatively strong quarter.

Why Wingstop Stock Jumped 20% on Thursday

Wingstop (WING) delivered earnings and revenue surprises of 28.57% and 1.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Wingstop (WING) Beats Q2 Earnings Estimates

Wingstop Inc. WING, +5.83% shares jumped nearly 13% in Thursday premarket trading after it reported second-quarter profit that beat the Street and, unlike many companies lately, maintained its guidance for the year. The chicken wing chain posted net income of $13.3 million, or 44 cents per share, up from $11.3 million, or 38 cents per share, last year.

Wingstop shares jump after profit beat and guidance maintained

Delivers Unit Growth of 14.4% and Reiterates Full Year Financial Outlook DALLAS , July 28, 2022 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING) today announced financial results for the fiscal second quarter ended June 25, 2022. Highlights for the fiscal second quarter 2022 compared to the fiscal second quarter 2021: System-wide sales increased 7.5% to $633.6 million 67 net new openings in the fiscal second quarter 2022 Domestic same-store sales decreased 3.3% Three-year domestic same-store sales increased 30.7% Domestic restaurant AUV of $1.6 million Digital sales of 60.5% of sales Total revenue increased 13.2% to $83.8 million Net income increased 17.6% to $13.3 million, or $0.44 per diluted share, compared to net income of $11.3 million, or $0.38 per diluted share in the prior fiscal second quarter.

Wingstop Inc. Reports Fiscal Second Quarter Financial Results

Fans nationwide can celebrate with free product and a donation to Wingstop Charities on July 29 DALLAS , July 27, 2022 /PRNewswire/ -- While flavor fanatics can enjoy wings any day of the week at Wingstop Inc. (NASDAQ: WING), 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 Delivers Flavor in the Form of Five Free Wings this National Chicken Wing Day

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After years of a low interest rate environment that had started to trend higher until recently, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends which help to provide an income stream.

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Management intends to drive AUV (Average unit volume) by increasing brand awareness, investing in technology to enhance marketing capabilities, and bringing innovation to the menu. Also, the long-term target of 7000 restaurants should drive the top line.

Wingstop: Long-Term Growth Prospects Look Promising

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Why It's Actually a Good Time to Explore Hotel and Restaurant Stocks

DALLAS , June 30, 2022 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that it will host a conference call and webcast to discuss its fiscal second quarter 2022 financial results on Thursday, July 28, 2022 at 10:00 AM EST. A press release with fiscal second quarter 2022 financial results will be issued before the market opens that morning.

Wingstop Inc. to Announce Fiscal Second Quarter 2022 Financial Results on July 28, 2022

The Flavor Experts present a twist to the popular flavor for a limited time, bringing sweet, fiery crunch to every bite DALLAS , June 29, 2022 /PRNewswire/ -- It's officially summer and Wingstop Inc. (Nasdaq: WING) 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 Brings the Heat with Hot Honey Rub to Celebrate Summer

In first quarter of 2022, company generated 62.3% of sales through digital channels. The company has been growing its sales impressively over the last several years, and has lots of room to expand its operations further.

Wingstop: Solid Long-Term Growth, Expensive Valuation

Wingstop Inc (NASDAQ:WING) is up 4.4% to trade at $75.58 at last check, after the restaurant chain announced an agreement for development rights in South Korea.

Wingstop Stock Pops on South Korea Development Plans

Wingstop Inc. WING, +3.90% said Monday it has signed an agreement for the development rights for South Korea and plans to open 60 restaurants over a 10-year period. The fast-casual wing restaurant chain said the plan sees the potential for 200 to 250 total restaurants in South Korea with the first expected to open in 2023.

Wingstop signs agreement to open 60 restaurants in South Korea over a 10-year period

DALLAS, May 16, 2022 /PRNewswire/ -- Wingstop (Nasdaq: WING) – 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.

Wingstop Signs Agreement for Development Rights for South Korea

Lemon Garlic, Hot Lemon and Bayou BBQ are back on the menu for a limited time DALLAS , May 10, 2022 /PRNewswire/ -- Wingstop (Nasdaq: WING) 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.

The Flavor Experts Bring Back Three Fan-Favorite Flavor Remixes

Wingstop Inc. (NASDAQ:WING ) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Susana Arevalo - Susana Arevalo, Vice President of FP&A and Investor Relations Michael Skipworth - President and Chief Executive Officer Alex Kaleida - Senior Vice President and Chief Financial Officer Conference Call Participants David Tarantino - Baird Jeffrey Bernstein - Barclays Andrew Charles - Cowen and Company John Glass - Morgan Stanley Andy Barish - Jefferies Chris O'Cull - Stifel Jon Tower - Citi Jeff Farmer - Gordon Haskett Michael Tamas - Oppenheimer & Company Nick Setyan - Wedbush Securities Brian Mullan - Deutsche Bank Chris Carril - RBC Capital Markets Jared Garber - Goldman Sachs Brian Vaccaro - Raymond James Peter Saleh - BTIG Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear.

Wingstop Inc.'s (WING) CEO Michael Skipworth on Q1 2022 Results - Earnings Call Transcript

Wingstop Inc (NASDAQ: WING) reported first-quarter FY22 sales growth of 7.8% year-on-year to $76.21 million, missing the consensus of $85.59 million. System-wide sales increased 12.7% Y/Y to $630 million.

Wingstop Q1 Earnings Miss Estimates; Forecasts FY22 EPS Above Street View

Wingstop (WING) delivered earnings and revenue surprises of -5.56% and 10.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Wingstop (WING) Q1 Earnings and Revenues Miss Estimates

Wingstop Inc. WING, -1.62% shares sank 6.4% in Wednesday premarket trading after it reported first-quarter profit and revenue that missed expectations. The chicken wing chain posted net income totaling $8.7 million, or 29 cents per share, down from $13.2 million, or 44 cents per share, last year.

Wingstop shares slump after profit and revenue misses

Expecting meaningful commodity deflation, raising full year unit guidance to 220+ DALLAS , May 4, 2022 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING) 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 Total revenue increased 7.8% to $76.2 million Net income of $8.7 million, or $0.29 per diluted share, compared to net income of $13.2 million, or $0.44 per diluted share in the prior fiscal first quarter.

Wingstop Inc. Reports Fiscal First Quarter Financial Results

Wingstop (WING) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Wingstop (WING) to Report a Decline in Earnings: What to Look Out for

DALLAS , April 27, 2022 /PRNewswire/ -- Today, Wingstop Inc. (NASDAQ: WING) announced an expanded development agreement in Indonesia with its current brand partner, doubling its commitment from 60 to 120 restaurants by 2028. This new agreement highlights the proven portability of Wingstop across the globe and is expected to accelerate its pace of openings for the market.

Wingstop Plans to Double Its Restaurant Count in Indonesia with New Development Agreement

With this launch, Wingstop is tapping into a massive marketing trend as the legalization of cannabis continues to grow throughout the U.S.

News for Wingstop Stock (WING)