Wingstop Expansion Takes Flight
Ten stores opened in August; Q2 same-store sales up over 10 percent
August 29, 2013 // Franchising.com // [RICHARDSON, Texas – Wingstop served up one of its busiest growth months in company history. The concept opened 10 stores in August alone, which comes on the heels of a 10.3 percent increase in same-store sales in the 2nd quarter.
The high-flying chicken chain spread its wings with new locations this month in San Diego, Baltimore, Phoenix, Atlanta, Chicago, Milwaukee, San Francisco and Columbus, Ohio.
Wingstop is on track to finish the year with 70 new U.S. locations while focusing on an expanded presence in the Northeast and Southeast. With 590+ locations already open for business, Wingstop is well on its way to its goal of reaching 1,000 locations in five years. Included are international agreements to expand into Russia, Singapore, and Mexico with commitments to open 400 locations worldwide.
“Our incredible growth over the past year is proof that demand for our great tasting chicken wings is getting even hotter,” said Charlie Morrison, Wingstop president and CEO. “Thanks to our awesome brand partners and talented support staff, we are ready to keep expanding.”
Nation's Restaurant News recently ranked Wingstop as a Top 5 Growth Chain on its annual list of the Top 100 restaurants. Wingstop was also named to the Top 20 on the FastCasual Movers & Shakers 2013 list. And for the first time, Wingstop exploded onto the QSR Top 50 list.
Founded in 1994 and headquartered in Richardson, Texas, Wingstop has more than 590 restaurants open across the United States and Mexico. The “Wing Experts” menu features classic and boneless wings with 10 intense flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ and Louisiana Rub. Wingstop’s wings are always cooked to order, sauced and hand-tossed and served with a variety of house-made sides including Wingstop’s award winning fresh-cut seasoned fries. Wingstop has experienced nine consecutive years of positive sales increases, was named a Top 10 Best Franchise Deal by QSR magazine, and has been voted ‘best wings’ in markets across the country. Wingstop is owned by affiliates of Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1.0 billion. For more information visit wingstop.com, wingstopfranchise.com or facebook.com/Wingstop.