TL;DR
Wingstop reported a 13.5% system-wide sales increase and 12.5% location growth in Q2 2018. The company's total revenue increased by 17.3% to $37.0 million.
Wingstop released its second quarter numbers on Thursday, and things are looking solid for the chicken franchise.
According to a company press release, system-wide sales increased by 13.5 percent to $304.9 million, and the company’s restaurant count increased 12.5 percent to 1,188 global locations. Total revenue increased by 17.3 percent to $37.0 million. The numbers are for the period that ended June 30, 2018.
“Wingstop completed another strong quarter of growth on both the top and bottom lines as we continue positioning ourselves to become a top 10 global restaurant brand,” Wingstop chairman and CEO Charlie Morrison said in the press release. “We are effectively executing against our four growth strategies: building greater awareness through national advertising, innovating through technology to enhance the guest experience, optimizing delivery in test markets ahead of a national roll out in 2019, and expanding our international presence.”
In this story
This story was originally published in 1851 Franchise on August 3, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.