TL;DR
Wingstop reported a 9.5% increase in same-store sales in the first quarter, with 24 new locations opened domestically and internationally. The company's overall net income was down 1.4% in Q1.
Wingstop has reported a successful first quarter. According to a recent article in Nation's Restaurant News, the brand shared that same-store sales increased by nearly ten percent in this time period. The company celebrated the opening of 24 locations both domestically and internationally.
“We remain focused on executing against our four growth strategies: building awareness of the Wingstop brand; innovating across our technological platforms; optimizing delivery in our three test markets as we build a foundation for a national delivery rollout and developing Wingstop internationally,” said CEO Charlie Morrison.
Despite this increase, the brand reported that overall net income was down by 1.4% in Q1. However, Wingstop remains confident that it is off to a strong start for 2018.
In this story
This story was originally published in 1851 Franchise on May 4, 2018. Burnaze summarizes and links to the original reporting.
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