Wingstop Soars in 2009

Wingstop Soars in 2009

National chicken wing chain ends 2009 showing 3.8 percent overall growth while comp store sales increase for 26th consecutive quarter; total systemwide sales top $300 million

DALLAS, Jan. 14 // PRNewswire // -- Wingstop has announced comparable store sales for 2009 are up 3.8 percent over the previous year, and have remained positive for the 26th consecutive quarter. The national chicken wing chain also ended the fourth quarter of 2009 at a 3.8 percent increase, and total annual system sales reached $306.7 million, a 20 percent increase over 2008.

In addition to strong sales, Wingstop also completed a banner year for franchise expansion and new store openings. In 2009 the company opened 45 new stores, including the first international restaurant in Mexico City. Wingstop also opened multiple locations in Albuquerque, its first restaurants in Philadelphia and Madison, Wis., entered the state of Washington, and signed its first development agreement for two stores in New York.

Wingstop president and CEO James A. Flynn credits the company's franchise network, emphasis on carryout service and aggressive expansion program for the successful year.

"Wingstop has been able to maintain a strong foothold in the restaurant industry because we focus on two things, carryout service and serving quality chicken wings the core menu item," said Flynn. "Despite the down economy, we are continuing to grow and expand into new markets and countries at a steady pace."

At the close of 2009 there were 435 Wingstop restaurants open across the country with another 69 stores expected to open in 2010. Wingstop is currently targeting the Northeast and Midwest for expansion and hosting a series of franchise opportunity events beginning in Washington, D.C. and Chicago.

About Wingstop

Wingstop offers restaurants with a nostalgic, aviation-themed atmosphere where the sole focus is on chicken wings. Wingstop features nine wing flavors, including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, and Hickory Smoked BBQ. The wings are cooked-to-order and customers can also choose from homemade side dishes including fresh-cut seasoned fries, bourbon baked beans, potato salad, creamy cole slaw, vegetable sticks, rolls and assorted dipping sauces. Wingstop has received an American Business Award for Best Overall Company and was 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.

Wingstop was founded in 1994 and began franchising in 1997.

SOURCE Wingstop



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