Prime Highlights:
- Wingstop reaches its 3,000th restaurant worldwide, expanding rapidly with nearly 800 new locations in just two years.
- The brand continues to grow globally, entering six new international marketsand planning expansion into Thailand, Italy, and Ireland.
Key Facts:
- Wingstop operates in 47 U.S. states and 15 countries, with 98% of its restaurants owned by franchise partners.
- The company achieved approximately $5 billion in system-wide sales in fiscal 2024and has recorded 21 consecutive years of same-store sales growth.
Background:
Wingstop Inc. (NASDAQ: WING) marked an important achievement on November 26 by opening its 3,000th restaurant globally. This marks an important step in the brand’s goal of becoming a Top 10 Global Restaurant Brand.
The Dallas-based chain has been growing very fast, adding nearly 800 new locations in the last two years and expanding its global footprint by 50%. During this time, Wingstop also entered six new international markets: Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and the Netherlands, strengthening its presence across 47 U.S. states and 15 countries. The company is now preparing for further openings in Thailand, Italy and Ireland, underscoring its ambitions for continued worldwide growth.
Michael Skipworth, President and CEO of Wingstop, said the milestone highlights the strong growth and rising demand for the brand. He noted that Wingstop has a large pipeline of upcoming restaurant openings and continues to expand quickly.
The company has grown from 2,000 to 3,000 locations in just over two years, supported by solid progress in both U.S. and international markets. According to him, this achievement reflects the brand’s strength, the room it still has to grow, and the worldwide appetite for Wingstop’s bold flavors.
The company’s fast-paced development has been supported by industry-leading cash-on-cash returns and robust franchise interest. More than 70 existing brand partners expanded their Wingstop portfolios in the last quarter alone, a sign of confidence in the chain’s performance and growth potential.
Founded in 1994, Wingstop is mostly run by franchise owners, who operate 98% of its restaurants. The brand is known for its wings, tenders and chicken sandwiches in 12 flavors.
