Wingstop Sales Up 6 Percent in Second Quarter
Rapidly expanding wing chain experiences highest sales increase since 2009
RICHARDSON, Texas, July 6, 2011 /PRNewswire/ -- Wingstop announced today that same store sales for the second quarter are up 6 percent over the same quarter last year, and up 4.2 percent for the first half of 2011.
"This has been one of the strongest quarters of the past few years, and we got there without raising prices or compromising on quality," said Jim Flynn, Wingstop CEO. "One advantage is that wing prices have remained consistent and we've been able to hold our costs in line and bring our guests a great product at a great value."
In addition to strong restaurant sales, Wingstop has signed development agreements this year to open 75 new stores, including multiple locations in Atlanta, Seattle, Milwaukee and San Diego.
Wingstop will celebrate the banner year at Red Rock Casino & Resort next month during its 9th Annual National Convention where the company will honor its top performing franchise Brand Partners and vendors.
With a sole focus on cooked-to-order chicken, the Wingstop menu features traditional and boneless wings, strips and the chain's newest offering – Glider sandwiches – all sauced and tossed in nine original flavors including Lemon Pepper and Garlic Parmesan. The company has experienced same store sales growth for seven consecutive years and 31 of the past 32 quarters.
Founded in 1994 and headquartered in Richardson, Texas, Wingstop has more than 480 restaurants open across the United States and Mexico. With a sole focus on chicken wings, the Wingstop menu features nine wing flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, and Hickory Smoked BBQ. Wings are made fresh, cooked-to-order and customers can also choose from homemade side dishes including Wingstop's award winning fresh-cut seasoned fries. Wingstop has experienced more than seven consecutive years of positive sales increases, received multiple American Business Awards, was crowned Wing King at the National Buffalo Wing Festival and has been voted 'best wings' in markets across the country. Troy Aikman, three-time Super Bowl champion and Hall of Fame quarterback, has served as the chain's national spokesman since 2003 and recently joined the Wingstop Board of Directors. Wingstop was acquired in 2010 by 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 or wingstopfranchise.com.
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