Wingstop 2Q sales up 6 percent
July 6, 2011
by Bryan Salvage
RICHARDSON, Texas – Wingstop’s 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."
This year, Wingstop has signed development agreements to open 75 new stores, including multiple locations in Atlanta, Seattle, Milwaukee and San Diego.
Focused 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. The company has experienced same store sales growth for seven consecutive years and 31 of the past 32 quarters.
Wingstop operates more than 480 restaurants throughout the US and Mexico. The company 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.