Wingstop has introduced the opening of its 3,000th restaurant, marking a big milestone in its international growth efforts. The corporate has quickly elevated its variety of places, including almost 800 eating places over the previous two years. This growth represents a 50% enhance in its international presence throughout this era.
The corporate has entered six new worldwide markets, together with Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and the Netherlands. Wingstop now operates in 47 U.S. states and 15 international locations. The corporate has additionally introduced plans to enter Thailand, Italy, and Eire as a part of its ongoing growth technique.
A robust pipeline of restaurant commitments has supported Wingstop’s development. The corporate has reported important curiosity from current franchisees, with greater than 70 model companions increasing their operations within the final quarter alone. This growth is pushed by the corporate’s description of industry-leading cash-on-cash returns.
The corporate continues to concentrate on its long-term development targets, aiming to turn out to be a Prime 10 World Restaurant Model with over 10,000 places worldwide.
Wingstop’s operations are primarily franchise-based, with 98% of its eating places owned by model companions. The corporate has seen roughly $5 billion in system-wide gross sales in fiscal 2024 and has reported 21 consecutive years of same-store gross sales development.
