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Wingstop

From Wikipedia, the free encyclopedia

Wingstop Inc.
Company type Public
Industry Restaurants
Genre Fast casual fast food restaurant
Founded 1994 ; 30 years ago  ( 1994 )
Garland, Texas , U.S.
Founders
  • Antonio Swad
  • Bernadette Fiaschetti
Headquarters Addison, Texas , U.S. [1]
Number of locations
1,413 as of March 28, 2020 [1]
Area served
[2]
Key people
Charles R. Morrison ( CEO )
Products Chicken wings , chicken tenders , french fries , soft drinks
Revenue Increase US$ $282.5 million (FY 2021) [3]
Increase US$73.7 million (FY 2021) [3]
Increase US$42.6 million (FY 2021) [3]
Total assets Increase US$249.2 million (FY 2021) [3]
Total equity Increase US$249.2 million (FY 2021) [3]
Number of employees
4,000 (2021)
Website wingstop .com

Wingstop Inc. is an American international chain of restaurants that primarily sells chicken wings . Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

The restaurant chain was founded in 1994 in Garland, Texas , and began offering franchises in 1997. As of 2022, Wingstop had over 1,400 restaurants. The chain is headquartered in Addison, Texas . [4] In 2003, the chain was acquired by Gemini Investors, which sold it to Roark Capital Group in 2010. [5] Wingstop went public in 2015. [6]

History [ edit ]

Wingstop was founded in 1994 in Garland, Texas by Antonio Swad. The first franchised location opened in 1997, and by 2002 the brand claimed to have served two million wings. [7] In 2005, Wingstop began serving lunch and in 2009 it began selling a boneless product. [8] Wingstop opened its first international restaurant in Mexico in 2010. [9]

Between 2014 and 2016, Wingstop was the third-fastest-growing restaurant chain in the US as measured by both system-wide sales and unit growth, according to Nation's Restaurant News . [10] [11] In 2015, Wingstop went public at an initial public offering price of $19 per share. [12] That year, their profits more than doubled. [13]

In 2019, Wingstop began using the tagline Where Flavor Gets Its Wings . [14] The next year, Wingstop became available for delivery in Dallas, Texas through DoorDash [15] As of 2019, the Wingstop Team Member Foundation acted as an employee-funded nonprofit that gave money to other employees experiencing a financial hardship due to an emergency. [16]

On June 21, 2021, WingStop announced a digital-only restaurant called ThighStop, which sells chicken thighs instead of wings. The company cited cost-saving measures as the reason for the change. [17]

Menu [ edit ]

Wings and fries from Wingstop
A Wingstop in Springfield, Virginia

The menu includes a range of chicken products, such as wings with sauces and sandwiches. [18] Some sauces are available for limited periods as part of marketing efforts. [19] [20]

See also [ edit ]

References [ edit ]

  1. ^ a b Ruggless, Ron (June 25, 2019). "Wingstop to relocate headquarters" . Nations Restaurant News . Retrieved June 26, 2019 .
  2. ^ "Wingstop pushes international expansion" . Nation's Restaurant News . February 12, 2014 . Retrieved May 15, 2022 .
  3. ^ a b c d e "WING Financials" . Nasdaq. January 30, 2021.
  4. ^ "Wingstop Inc. Announces New Corporate Headquarters in Addison, TX" . Wingstop . June 25, 2019 . Retrieved December 7, 2019 .
  5. ^ "Roark Capital Group Acquires Wingstop" (PDF) (Press release). Roark Capital Group.
  6. ^ Nasr, Reem (June 12, 2015). "Wingstop surges in IPO to close 61% higher" . CNBC . Retrieved April 25, 2019 .
  7. ^ "Wingstop" . wingstop.com . Retrieved April 27, 2021 .
  8. ^ "Wingstop Rolls Out Boneless Wings" . QSR magazine . Retrieved April 27, 2021 .
  9. ^ Inc, Wingstop Restaurants (September 23, 2019). "Wingstop to Double Current Presence in Mexico" . GlobeNewswire News Room (Press release) (in French) . Retrieved April 27, 2021 . {{ cite press release }} : |last= has generic name ( help )
  10. ^ "2014 Top 100: Why Wingstop is the No. 3 fastest-growing chain" . Nation's Restaurant News . July 3, 2014 . Retrieved May 15, 2022 .
  11. ^ "2016 Top 100: Why Wingstop is the No. 3 fastest-growing chain" . Nation's Restaurant News . June 28, 2016 . Retrieved May 15, 2022 .
  12. ^ Carnette, Jamal (December 28, 2020). "Up 600% in 5 Years, Is Wingstop Just Getting Started?" . NASDAQ .
  13. ^ "Wingstop's profit more than doubles in 2015" . Nation's Restaurant News . March 3, 2016 . Retrieved May 15, 2022 .
  14. ^ "Wingstop" . wingstop.com . Retrieved April 27, 2021 .
  15. ^ "Wingstop Begins Nationwide Rollout of Delivery with DoorDash in Dallas-Fort Worth" . QSR magazine . Retrieved April 27, 2021 .
  16. ^ "Wingstop Foundation Supports Team Members in Need" . WINGSIDER . June 7, 2019 . Retrieved April 27, 2021 .
  17. ^ Wiener-Bronner, Danielle (June 21, 2021). "There's a chicken wing shortage. So this chain wants you to start loving thighs" . CNN . Retrieved July 15, 2021 .
  18. ^ "Fall in Love with Wingstop's New Chicken Sandwich Offered in 12 Bold Flavors, Now Available Nationwide" . prnewswire.com (Press release) . Retrieved August 30, 2022 .
  19. ^ "Wingstop Celebrates 25th Anniversary with 25 Days of Flavor" . ir.wingstop.com . Retrieved April 27, 2021 .
  20. ^ Wingstop (February 11, 2021). "Wingstop's "Remix" Flavors Hot Lemon, Lemon Garlic, and Bayou BBQ are BACK!" . wingsider.wingstop.com . Retrieved April 27, 2021 .

External links [ edit ]

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