Wingstop hits 3,000th restaurant milestone

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Wingstop is barreling toward its extremity of becoming a apical 10 planetary edifice marque with much than 10,000 restaurants worldwide, contiguous announcing the opening of its milestone 3,000^th location. 

The institution said it is increasing astatine a grounds pace, opening astir 800 restaurants and expanding its planetary footprint by 50% successful the past 2 years. During its astir caller quarter, Wingstop opened 114 restaurants. 

Wingstop has besides precocious entered six caller markets, including Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and The Netherlands, giving it a beingness successful 47 U.S. states and 15 countries. The concatenation is expecting to participate Thailand, Italy, and Ireland soon arsenic well. 

"With a grounds pipeline of sold edifice commitments, Wingstop shows nary motion of slowing down," president and main enforcement serviceman Michael Skipworth said successful a statement. "We've scaled from 2,000 to 3,000 restaurants successful conscionable implicit 2 years, with proven runway successful our home and planetary businesses. This milestone demonstrates the spot of our brand, the whitespace ahead, and the planetary craving for Wingstop's bold flavor."

During Wingstop’s 3rd 4th net telephone successful aboriginal November, Skipworth said the institution is opening much than 1 edifice a day. 

“In our astir caller quarter, implicit 70 unsocial marque partners opened a Wingstop successful implicit 100 antithetic markets crossed the U.S., which truly showcases the breadth and extent of request for portion maturation crossed our marque partners,” helium said. 

Domestically, mean portion volumes person grown to $2.1 million, with unlevered cash-on-cash returns of 70%-plus connected an mean upfront concern of $500,000. 

“That’s wherefore our marque partners proceed to thin in, which showcases the attractiveness of our portion economical model,” main fiscal serviceman Alex Kaleida said during the net call. 

Contact Alicia Kelso astatine [email protected] 

Follow her connected TikTok: @aliciakelso