Wingstop Inc. on Thursday reported a 21% increase in sales during the fiscal fourth-quarter, fueled by higher same-store sales in U.S. and a smaller increase in company-owned locations.

The Dallas-based restaurant chain reported fiscal fourth-quarter sales of $397.2 million, driven by a 12% rise in domestic same-store sales and an 8.9% increase at company owned locations during the quarter, which ended Dec. 28th. 

“2019 was a significant year for Wingstop as we invested in both our business and our talent to lay the foundation for sustainable growth, while delivering industry leading 11.1% same-store sales growth and 10.6% net new unit growth," CEO and Chairman Charlie Morrison said in a company press release. "Our execution of our long-standing strategic plan provides confidence that we will achieve our long-term vision of becoming a top 10 global restaurant brand."

Highlights for the fiscal fourth quarter 2019 as compared to the fiscal fourth quarter 2018:

  • 45 net openings in fiscal fourth quarter 2019
  • Domestic same-store sales increased 12.2%
  • Company-owned restaurant same store sales increased 8.9%
  • System-wide sales increased 21.2% to approximately $397.2 million
  • Digital sales increased to 39% in December 2019.

Highlights for the fiscal year 2019 as compared to the fiscal year 2018:

  • System-wide restaurant count increased 10.6% to 1,385 worldwide locations with 133 net openings.
  • Domestic same-store sales increased 11.1%.
  • Company-owned restaurant same store sales increased 9.8%.
  • System-wide sales increased 20.1% to $1.5 billion.

Wingstop, founded in 1994 in Dallas, has 1,385 units with 1,231 located in the United States, while the remaining 154 international franchised restaurants span nine countries.

Nicolas Boudet, president of International, Wingstop Restaurants, will speak about the brand's success at the annual Restaurant Franchising and Innovation Summit, March 16-18. Register here.

Copyright © 2020 Networld Media. All rights reserved., source Industry News