Wingstop Reaches 25 Consecutive Quarters of Positive Comp Sales
National chicken wing chain ends third quarter up 1.6 percent
Wingstop, the nation's fastest-growing chicken wing chain, has announced positive comparable store sales for the 25th consecutive quarter, dating back to July 2003.
Wingstop ended the most recent quarter with a 1.6 percent increase and is up 3.8 percent for the year. The company predicts the positive trend to continue into the fourth quarter, when sales are typically the strongest due to the popularity of wings during the football and holiday seasons.
'In this economy, guests are looking for greater value when dining out,' said James A. Flynn, president and CEO of Wingstop. 'As a fast casual chain, Wingstop offers convenient carryout service, and family packs and platters to serve a large crowd, but still engages guests in strong customer service and quality. That translates into a solid business and positive sales.'
According to the Restaurant Performance Index, 68 percent of operators reported a same-store sales decline in August, but even in these recessionary times, Wingstop continues to perform and experience positive sales systemwide.
During a time in which many chains are struggling with declining sales, Wingstop's continued growth has not gone unnoticed by industry leaders.
'This news is strong evidence that limited-service chains continue to deliver value during a difficult economic climate,' said Darren Tristano, executive vice president of Technomic, Inc., an industry research firm. 'In addition, fast casual restaurant chains that provide high levels of customer experience and products with high demand will continue to exploit pockets of opportunity in a down market.'
Wingstop has 425 restaurants open in 34 states, and is celebrating its 15th anniversary this year. The chain recently received a Restaurants & Institutions' Consumers' Choice in Chains Award, which is based on customer satisfaction in food quality, value, atmosphere, cleanliness, reputation and convenience.
Logos, product and company names mentioned are the property of their respective owners.
- Wingstop to Sauce and Toss 5.6 Million Wings on Super Sunday
- Wingstop to Open 14 New Restaurants in Chicago
- Wingstop Names David Vernon Senior Vice President of Development
- Wingstop to Open 500th Restaurant
- Wingstop Signs Master Agreement to Open 120 Restaurants in Mexico
- Ruth’s Hospitality Group, Inc. Reports Full Year and Fourth Quarter 2011 Financial Results
- Tootie Pie Company January Same Store Sales Up 23%
- Panera Bread Company Reports Fourth Quarter and Full Year Fiscal 2011 Diluted EPS of $1.42 and $4.65, Both Before One-Time Charge, Up 17% and 28% Over Fiscal 2010
- Chick-fil-A Achieves Record Annual Sales of $4 Billion
- Benihana Inc. Reports Results for Fiscal Third Quarter 2012
