01/03/2018 | Press release | Distributed by Public on 01/03/2018 16:44
DALLAS, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Wingstop Restaurants Inc. (NASDAQ:WING), the award-winning wing concept with more than 1,000 locations worldwide, today announced that it surpassed its 100 restaurant internationally in December. The milestone opening was in Reynosa, Mexico and represents Wingstop's 60 location in Mexico, the Company's first and longest running international market.
'The opening of our 100 international location marks a momentous day for Wingstop, and a key step in our journey to becoming a top 10 global restaurant brand,' said Larry Kruguer, President of International at Wingstop. 'We are excited to see the progress in our international development and we are grateful for all of our brand partners and team members who have contributed to our global success thus far.'
This 100 location adds to Wingstop's rapidly growing international footprint, which also includes locations in Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia and Colombia.
This past year, Wingstop announced new development deals for expansion into the UK with 100 locations planned over the next 12 years, France with 75 restaurants during the next 12 years, and Australia/New Zealand with 110 restaurants over the next 10 years. These markets are scheduled to open in 2018 and will add to the current base of nine operating countries including the United States.
Founded in 1994 and headquartered in Dallas, Texas, Wingstop Inc. (NASDAQ:WING) operates and franchises more than 1,000 locations across the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia and Colombia. The Wing Experts' menu features classic and boneless wings with 11 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. Wingstop's wings are always cooked to order, hand-sauced and tossed and served with a variety of house-made sides including fresh-cut, seasoned fries. Having grown its domestic same store sales for 13 consecutive years, the Company has been ranked #3 on the 'Top 100 Fastest Growing Restaurant Chains' by Nation's Restaurant News (2016), #7 on the 'Top 40 Fast Casual Chains' by Restaurant Business (2016), and was named 'Best Franchise Deal in North America' by QSR magazine (2014). Wingstop was ranked #88 on Fortune's 100 Best Medium Workplaces list in October 2016. Follow us on facebook.com/Wingstop and Twitter @Wingstop.
Certain statements contained in this news release, as well as other information provided from time to time by Wingstop Inc. or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'guidance,' 'anticipate,' 'estimate,' 'expect,' 'forecast,' 'project,' 'plan,' 'intend,' 'believe,' 'confident,' 'may,' 'should,' 'can have,' 'likely,' 'future' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.
Any such forward looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although we believe any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results and cause them to differ materially from those anticipated in any forward-looking statements. Please refer to the risk factors discussed in our Form 10-K for the year ended December 31, 2016, which can be found at the SEC's website www.sec.gov. The discussion of these risks is specifically incorporated by reference into this news release.
Any forward-looking statement made by Wingstop Inc. in this press release speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Media ContactBrian Bell
Investor ContactRaphael Gross
Source: Wingstop Restaurants, Inc.