July 6, 2011
Wingstop’s same-store sales for its second quarter 2011 increased 6 percent, marking one of the chain’s strongest quarters in recent years. Year to date, same-store sales for the chain are up 4.2 percent.
"This has been one of the strongest quarters of the past few years, and we got there without raising prices or compromising on quality," said Jim Flynn, Wingstop CEO. "One advantage is that wing prices have remained consistent and we've been able to hold our costs in line and bring our guests a great product at a great value."
In addition to strong restaurant sales, the company has signed development agreements this year to open 75 new locations, including multiple sites in Atlanta, Seattle, Milwaukee and San Diego. It also is hosting its 9th Annual National Convention at Red Rock Casino & Resort in August where the company will honor its top performing franchise partners and vendors. (Read also, How Wingstop rose above the competition.)
In the first half of 2011, the company launched its Glider sandwiches in response to the rising cost of bone-in chicken wings. That launch has proved extremely successful for the brand, said Geoff Hill, vice president of Wingstop parent company, Roark Capital Group.
The fiscal year and Q2 rise in comp sales highlights seven consecutive years of increases for the chain and 31 of the past 32 quarters.