Business
Wingstop Names Craig Sherwood as SVP of US Development
DALLAS, Sept. 15, 2022 /PRNewswire/ -- Wingstop (NASDAQ: WING) today announced the appointment of Craig Sherwood as its SVP of U.S. Development. Craig will
About this update from Wingstop Inc.
[{"type":"text","content":"DALLAS, Sept. 15, 2022 /PRNewswire/ -- Wingstop (NASDAQ: WING) today announced the appointment of Craig Sherwood as its SVP of U.S. Development. Craig will lead domestic development and focus on executing Wingstop's domestic development playbook through new and existing franchisees as the brand scales its U.S. footprint.\n\n \n \n \n \n \n \n\n \n\"I'm excited for Craig to join the brand at such a pivotal time as we look to scale our 1,600+ restaurants base to 4,000 plus across the country,\" said Michael Skipworth, Wingstop President and CEO. \"With an average unit volume of $1.6 million and our industry leading unit economics, our franchisees continue to reinvest in Wingstop and position us with a strong domestic pipeline fueling development growth for Wingstop. We have a great deal of white space across the country, and Craig's leadership and experience of domestic franchised development make him an incredible asset for our brand.\"\nCraig previously served as the VP of U.S. Development at Little Caesars Enterprises Inc. where he oversaw all aspects of domestic franchise development, real estate and construction. He also served as the Chief Development Officer at Gold's Gym and held various development-focused roles at other franchised brands including Sonic Drive-In and Yum! Brands.\nWingstop's compelling business model provides industry-leading returns for its franchisees and has fueled record development for the brand in 2022, opening a record 127 net new units for the first half of 2022, and has a target of 7,000 plus restaurants globally.\nFor information on franchising a Wingstop, click here. \nAbout WingstopFounded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 1,850 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 and tenders, always cooked to order and hand sauced-and-tossed in fans' choice of the brand's bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips.\nIn fiscal year 2021, Wingstop's system-wide sales increased 20.2% year-over-year to approximately $2.3 billion, marking the 18th consecutive ye...