Business
Wingstop Inc. Releases Preliminary Fiscal Third Quarter 2020 Sales Results
DALLAS, Oct. 6, 2020 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING) today released preliminary unaudited sales and unit
About this update from Wingstop Inc.
[{"type":"text","content":"DALLAS, Oct. 6, 2020 /PRNewswire/ -- Wingstop Inc. (\"Wingstop\" or the \"Company\") (NASDAQ: WING) today released preliminary unaudited sales and unit development results for the fiscal third quarter 2020. The Company also announced that it will host a conference call and webcast to discuss its fiscal third quarter 2020 financial results on Monday, November 2, 2020 at 10:00 AM EST.\n\n \n \n \n \n \n \n\n \nHighlights for the fiscal third quarter 2020 as compared to the fiscal third quarter 2019:\n43 net new openings in fiscal third quarter 2020 Domestic same store sales increased 25.4% Company-owned restaurant same store sales increased 15.2% System-wide sales increased 32.8% to approximately $509.2 million Digital sales increased to 62.0%As of September 26, 2020, there were 1,479 Wingstop restaurants system-wide consisting of 1,308 restaurants in the United States, of which 1,277 were franchised and 31 were company-owned, and 171 international franchised restaurants across nine countries.\n\"The results during the third quarter continue to highlight the strength of our growth strategy. We continued to benefit from strong topline momentum with same-store sales of 25.4% during the quarter and 22.5% for 2020 year-to-date putting us well on our way to our 17th consecutive year of positive same store sales growth. Despite the challenging industry backdrop, we achieved 43 global net new openings during the quarter,\" stated Charlie Morrison, Chairman and Chief Executive Officer of Wingstop. \"I am thankful for the support of our team members and brand partners in achieving these extraordinary results during these difficult times. We remain focused on executing against our growth strategies and our vision of becoming a top 10 global restaurant brand.\"\nConference Call and Webcast Details for Fiscal Third Quarter 2020 Results\nWingstop will host a conference call and webcast to discuss its fiscal third quarter 2020 financial results on Monday, November 2, 2020 at 10:00 AM EST.\nHosting the conference call will be Charlie Morrison, Chairman and Chief Executive Officer, and Michael Skipworth, Executive Vice President and Chief Financial Officer. A press release with fiscal third quarter 2020 results will be issued that same day, before the market opens.\nThe conference call can be accessed live by dialing 1-877-259-5243 or 1-412-317-5...