Wingstop Inc. to Announce Fiscal Second Quarter 2022 Financial Results on July 28, 2022

Rhea-AI Summary

Wingstop Inc. (NASDAQ: WING) will host a conference call on July 28, 2022, at 10:00 AM EST to discuss its fiscal Q2 2022 financial results. A press release will precede the call, revealing key financial metrics. Investors can join by phone or via a live webcast, with a replay available after the call until August 4, 2022. Founded in 1994, Wingstop operates over 1,700 locations and achieved system-wide sales of approximately $2.3 billion in fiscal 2021, marking an 18th consecutive year of same-store sales growth.

Positive

• Fiscal year 2021 system-wide sales increased by 20.2% year-over-year to approximately $2.3 billion.
• Achieved 18 consecutive years of same-store sales growth.
• Opened 60 net new restaurants during the fiscal quarter ended March 26, 2022, a 13.4% increase.
• 62.3% of sales generated via digital channels, aiming for 100% digitization of transactions.

Negative

• None.

DALLAS, June 30, 2022 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that it will host a conference call and webcast to discuss its fiscal second quarter 2022 financial results on Thursday, July 28, 2022 at 10:00 AM EST.

A press release with fiscal second quarter 2022 financial results will be issued before the market opens that morning.

The conference call can be joined telephonically by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 (international), then entering the replay code 5140987. The replay will be available through Thursday, August 4, 2022.

The conference call will also be webcast live and later archived on the investor relations section of Wingstop's corporate website at ir.wingstop.com under the 'News & Events' section. The webcast can also be accessed directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=5WINUJpj.

About Wingstop

Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 1,700 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and use of a best-in-class technology platform, all while offering classic and boneless wings, tenders, and thigh bites, always cooked to order and hand sauced-and-tossed in fans' choice of 11 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips.

In fiscal year 2021, Wingstop's system-wide sales increased 20.2% year-over-year to approximately $2.3 billion, marking the 18th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, our system is comprised of independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 1,791 as of March 26, 2022. During the fiscal quarter ended March 26, 2022, Wingstop opened 60 net new restaurants, an increase of 13.4%, and announced domestic same-store sales increased 1.2%. During the fiscal quarter ended March 26, 2022, Wingstop generated 62.3% of sales via digital channels including Wingstop.com and the Wingstop app, with a goal of digitizing 100% of transactions. 

A key to this business success and consumer fandom stems from The Wingstop Way, which includes a core value system of being Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop Way extends to the brand's environmental, social and governance platform as Wingstop seeks to provide value to all stakeholders.

Rounding out a strong year in 2021, the Company was ranked #1 on Technomic 500's "Fastest Growing Franchise" and #22 on Entrepreneur Magazine's "Franchise 500," maintained its certification as a Great Place to Work, was named as a finalist for The Innovation SABRE Award's Best New Product/Brand Launch category for its Thighstop campaign, and named to Fast Company's "The World's Most Innovative Companies" list ranking #4 in the dining category.

For more information visit www.wingstop.com or www.wingstop.com/own-a-wingstop and follow @Wingstop on Twitter, Instagram, Facebook, and TikTok. Learn more about Wingstop's involvement in its local communities at www.wingstopcharities.org.

Media Contact
Megan Sprague
Media@wingstop.com

Investor Contact
Susana Arevalo and Skyler Ray
972-331-8484
IR@wingstop.com

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SOURCE Wingstop Restaurants Inc.

FAQ

When will Wingstop announce its fiscal Q2 2022 financial results?

Wingstop will announce its fiscal Q2 2022 financial results on July 28, 2022.

What time is the Wingstop conference call on July 28, 2022?

The Wingstop conference call is scheduled for 10:00 AM EST on July 28, 2022.

How can I access the Wingstop conference call?

You can access the Wingstop conference call by dialing 1-877-259-5243 or joining via the webcast on their investor relations website.

What were Wingstop's system-wide sales in fiscal 2021?

Wingstop's system-wide sales in fiscal 2021 were approximately $2.3 billion, reflecting a 20.2% increase year-over-year.

How many new restaurants did Wingstop open recently?

Wingstop opened 60 net new restaurants during the fiscal quarter ended March 26, 2022, an increase of 13.4%.