Wingstop

From Wikipedia, the free encyclopedia

Not to be confused with WingStreet.
Wingstop Inc.
TypePublic
IndustryRestaurants
GenreFast casual fast food restaurant
Founded1994; 27 years ago (1994)
Garland, Texas, U.S.
Founders
  • Antonio Swad
  • Bernadette Fiaschetti
HeadquartersAddison, Texas, U.S.[1]
Number of locations
1,413 as of March 28, 2020[1]
Area served
Australia
Colombia
Indonesia
Malaysia
Mexico
Panama
Russia
Saudi Arabia
Singapore
United Arab Emirates
United States
United Kingdom
Key people
Charles R. Morrison (CEO)
ProductsChicken wings, chicken tenders, french fries, soft drinks
RevenueIncrease US$70.7 million (2020)[2]
Increase US$13.2 million (2020)[3]
Websitewingstop.com

Wingstop Inc. is an American chain of nostalgic, aviation-themed restaurants specializing in chicken wings. Wingstop locations are decorated following a 1930s and 1940s pre-jet aviation theme. The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1997. Since then, Wingstop has grown into a chain with more than 1,400 restaurants either open or in development. The chain is headquartered in Addison, Texas.[4]

In 2003, the chain was acquired by Gemini Investors, which sold it to Roark Capital Group in 2010.[5] Wingstop went public in 2015.[6]

History[]

Wingstop was founded in 1994 in Garland, Texas by Antonio Swad. The first franchised location opened in 1997, and by 2002 the brand had served one billion wings.[7]

In 2005, Wingstop opened its doors for lunch and in 2009 rolled out its boneless product.[8]

Wingstop went global in 2010 with its first international restaurant opening in Mexico.[9] It currently operates in 12 countries.

In 2015, Wingstop went public at an initial public offering price of $19 per share.[10]

In 2019, Wingstop unveiled the tagline Where Flavor Gets Its Wings.[11] The next year, Wingstop launched national delivery with DoorDash[12] and celebrated 25 years in business.[13]

Menu[]

Wings from Wingstop

The menu consists of wings, boneless wings, and chicken tenders, with a variety of dips and sides.

The flavors available in the US include Hawaiian, Garlic Parmesan, Lemon Pepper, Mild, Original Hot, Hickory Smoked BBQ, Atomic, Mango Habanero, Cajun, Louisiana Rub, and Spicy Korean Q.

Previous U.S. market limited time offer flavors include Brazilian Citrus Pepper, Harissa Lemon Pepper, Ancho Honey Glaze, and "flavor mashups" consisting of a mix of two existing flavors during the brand's 25 Days of Flavor campaign in 2019,[14] including Hot Lemon, Dragon's Breath, and more. In 2021, Wingstop brought back Hot Lemon, Lemon Garlic and Bayou BBQ for a limited time.[15]

Wingstop Charities[]

For 25 years Wingstop has been serving local communities and is committed to strengthening the neighborhoods that they serve by being strong, active, corporate citizens and good neighbors.[16]

Wingstop Charities encompasses youth and their passions, ranging from education, arts, sports, career development and more. The mission for Wingstop Charities is Engaging Our Youth in the Pursuit of Their Passions.[17]

The Wingstop Team Member Foundation is funded by employees. The Foundation provides direct support to team members experiencing a financial hardship due to an emergency.[18]

Locations[]

A Wingstop Restaurant in Irving, Texas

As of June 2018, Wingstop has locations in the United States, United Kingdom, Australia, Saudi Arabia, Indonesia, Malaysia, Mexico, Panama, Russia, Singapore, Colombia, and United Arab Emirates.[19]

Wingstop "was the third-fastest-growing restaurant chain in the US in 2015, as measured by both systemwide sales and unit growth, according to Nation's Restaurant News." The restaurant chain aims to reach 2,500 locations in the US.[20]

In 2021, Wingstop announced that it plans to open over 100 restaurants across Canada over 10 years from 2022.[21]

ThighStop[]

On June 21, 2021, WingStop announced a digital-only restaurant called ThighStop, which includes the same menu items as WingStop, but sells thighs instead of wings. The company cited cost-saving measures as the reason for the change.[22]

See also[]

References[]

  1. ^ Jump up to: a b Ruggless, Ron (June 25, 2019). "Wingstop to relocate headquarters". Nations Restaurant News. Retrieved June 26, 2019.
  2. ^ "Wingstop Financial Report". Wingstop. November 11, 2020.
  3. ^ "Wingstop Financial Report". Wingstop. November 11, 2020.
  4. ^ "Wingstop Inc. Announces New Corporate Headquarters in Addison, TX". Wingstop. June 25, 2019. Retrieved December 7, 2019.
  5. ^ "Roark Capital Group Acquires Wingstop" (PDF) (Press release). Roark Capital Group.
  6. ^ Nasr, Reem (June 12, 2015). "Wingstop surges in IPO to close 61% higher". Retrieved April 25, 2019.
  7. ^ "Wingstop". www.wingstop.com. Retrieved April 27, 2021.
  8. ^ "Wingstop Rolls Out Boneless Wings". QSR magazine. Retrieved April 27, 2021.
  9. ^ Inc, Wingstop Restaurants (September 23, 2019). "Wingstop to Double Current Presence in Mexico". GlobeNewswire News Room (in French). Retrieved April 27, 2021.
  10. ^ Carnette, Jamal (December 28, 2020). "Up 600% in 5 Years, Is Wingstop Just Getting Started?". NASDAQ.
  11. ^ "Wingstop". www.wingstop.com. Retrieved April 27, 2021.
  12. ^ "Wingstop Begins Nationwide Rollout of Delivery with DoorDash in Dallas-Fort Worth". QSR magazine. Retrieved April 27, 2021.
  13. ^ Inc, Wingstop Restaurants (July 2, 2019). "Wingstop Celebrates 25th Anniversary with 25 Days of Flavor". GlobeNewswire News Room. Retrieved April 27, 2021.
  14. ^ "Wingstop Celebrates 25th Anniversary with 25 Days of Flavor". ir.wingstop.com. Retrieved April 27, 2021.
  15. ^ Wingstop (February 11, 2021). "Wingstop's "Remix" Flavors Hot Lemon, Lemon Garlic, and Bayou BBQ are BACK!". wingsider.wingstop.com. Retrieved April 27, 2021.
  16. ^ "Grant Recipients". Wingstop Charities. Retrieved April 27, 2021.
  17. ^ "About Us". Wingstop Charities. Retrieved April 27, 2021.
  18. ^ "Wingstop Foundation Supports Team Members in Need". WINGSIDER. June 7, 2019. Retrieved April 27, 2021.
  19. ^ "History - Wingstop". Wingstop. Retrieved July 11, 2018.
  20. ^ Taylor, Kate. "A chicken chain is taking over the US thanks to its ability to keep business radically simple". Business Insider. Retrieved March 23, 2020.
  21. ^ "American restaurant chain Wingstop is opening its first Canadian location in Toronto".
  22. ^ Business, Danielle Wiener-Bronner, CNN. "There's a chicken wing shortage. So this chain wants you to start loving thighs". CNN. Retrieved July 15, 2021.

External links[]

Retrieved from ""