Wingstop Continues Growth Trend
National chicken wing chain reaches 27 consecutive quarters of positive comparable store sales; Named one of Technomic, Inc.'s ten fastest growing chains; Continued international expansion
Spring has just begun, but Wingstop is already flying high in 2010. Thanks in part to strong sales on Super Bowl Sunday – the chain's busiest day of the year – Wingstop has continued its winning streak, reaching its 27th consecutive quarter of positive comparable store sales.
The company has announced same store sales for the first quarter of 2010 are up 2.6 percent over the previous quarter. The news comes on the heels of Wingstop's impressive #5 ranking on the annual Technomic, Inc. Ten Fastest-Growing Chains with sales over $200 million.
"We're off to a great start in 2010," said Jim Flynn, Wingstop CEO. "Not only did we break our record for Super Bowl sales last month, but so far we've already opened 13 new locations this year, and expect to reach the 500 milestone by year's end."
Wingstop is also continuing to grow globally. The chain's first two international locations are now open in Mexico City, and the company recently signed a development agreement for the State of Tamaulipas to develop stores in Tampico, Madero and Altamira.
"Wingstop has maintained steady growth, even in today's economy when a number of chains are struggling," continued Flynn. "Our aggressive expansion plan, both internationally and in the U.S., has us on target to open an additional 55 stores this year."
