Wingstop Celebrates 20 Consecutive Quarters of Comp Store Sales Increases
DALLAS--(BUSINESS WIRE)--Wingstop President and CEO James A. Flynn announced today that for the 20th consecutive quarter comp store sales have increased.
The successive increase for the second quarter of 2008 was 6.8 percent, following an 8.9 percent increase in the first quarter of 2008 and an 11.8 percent increase in the fourth quarter of 2007.
Wingstop has successively increased comp store sales in a market where other chains are struggling. In the April American Express MarketBrief, the 19 limited-service chains reporting fourth quarter figures tallied an average increase of 3.2 percent compared to Wingstop's 11.8 percent. Wingstop has maintained continuous comp store sales increases dating back to the third quarter of 2003.
"We feel this is a significant milestone given the current economy," said Flynn. "We attribute this to our loyal customers, our hard working brand partners and the innovative programs developed by our staff."
Flynn went on to explain how rolling out online ordering and bundled meals has increased customers' ease in ordering as well as the chain's revenues.
"We've done everything we can to make ordering fast and simple," said Flynn. "Also, our concept is inherently more recession-proof because of our low price points and the fast casual counter service which doesn't require tipping. A large percentage of our business is take-home and our value really stacks up against everything, including buying the groceries and cooking."
The 20th quarter milestone comes on the heels of Wingstop's win of Best Overall Company at the American Business Awards ceremony held June 12 in New York.
Wingstop offers restaurants with a nostalgic, aviation-themed atmosphere where the sole focus is on chicken wings. The chain also serves boneless wing strips made from 100 percent all-white meat chicken breast coated with a proprietary batter and breading. Wingstop features nine wing flavors: Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, and Hickory Smoked BBQ. The wings are always made-to-order and served steaming hot. Customers also can choose from homemade side dishes including fresh-cut seasoned fries, bourbon baked beans, pearl potato salad, creamy cole slaw, vegetable sticks, rolls and assorted dipping sauces.
Wingstop has more than 600 restaurants either open or under development in 28 states and consistently tops industry growth rankings. Wingstop is 125th on Entrepreneur's 2008 Franchise 500 list. In June 2008, Wingstop won an American Business Award, a 'Stevie', for Best Overall Company. In 2007, they were deemed Most Innovative Company with a Stevie. The chain was also chosen Wing King at the 2006 National Buffalo Wing Festival. Troy Aikman, three-time Super Bowl champion and Hall of Fame quarterback, has served as the chain's national spokesman since 2003. Aikman extended his contract in 2006 for three years, as Wingstop has posted 20 consecutive quarters of comp store sales increases since the partnership.