Featured on nrn By Ron Ruggles
Wingstop Inc. continued its string of quarterly same-store sales increases in the period ended Sept. 26, reporting Tuesday that domestic same-store sales increased 25.4% over the third quarter last year.
The Dallas-based chicken-wing brand’s preliminary third-quarter results followed a 31.9% increase in domestic same-store sales in the second quarter ended June 27, which included the deepest period of COVID-19 restrictions.
Charlie Morrison, Wingstop’s chairman and CEO, said in a statement that the company “continued to benefit from strong topline momentum.”
For 2020 year-to-date, same-store sales were up 22.5%, Morrison said, “putting us well on our way to our 17th consecutive year of positive same-store sales growth.”
The company will release full earnings on Nov. 2.
Wingstop said it had 43 net new openings in the third quarter, bringing its total restaurants systemwide to 1,479.
The company, founded in 1994, ended the period with 1,308 restaurants in the United States, of which 1,277 were franchised and 31 company-owned, and 171 international franchised units.