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Wingstop to enter Calgary in 2026 as part of wider Canadian rollout
Yahoo Finance· 2025-10-07 14:38
Core Insights - Wingstop is expanding its presence in Canada with three new outlets in Calgary set to open in 2026, following its entry into Ontario in 2022 [1][3] - The expansion is part of a 100-location development agreement with JPK Capital, the exclusive master franchisee for Wingstop in Canada, Australia, and New Zealand [1][2] - Wingstop aims to become a top 10 global restaurant brand, currently operating over 2,800 restaurants worldwide and reporting $4.8 billion in system-wide sales for fiscal 2024 [3] Financial Performance - In the fiscal first quarter of 2025, Wingstop's total revenues reached $171.1 million, an increase from $145.8 million in the same quarter of the previous year, reflecting a growth of approximately 17.9% [4] - The company's net income surged by 221% to $92.3 million, equating to $3.24 per diluted share [4] - Adjusted net income was reported at $28.3 million, or $0.99 per diluted share, with adjusted earnings before interest, taxation, depreciation, and amortization growing 18.4% to $59.5 million [4] Market Strategy - The flagship Calgary location will be situated at CF Chinook Centre, targeting a younger demographic, particularly Gen-Z consumers, and will feature a live DJ booth and contemporary design elements [3] - JPK Capital has established 15 locations for Wingstop in Ontario and recently opened the brand's first Australian outlet in Sydney, indicating a strategic focus on international expansion [2]
3 Stocks to Buy on Growing Restaurant Sales Amid Price Challenges
ZACKS· 2025-05-26 14:10
Industry Overview - U.S. retail sales have experienced fluctuations due to tariff fears and high inflation, yet spending at restaurants and bars remains strong [1] - Sales at U.S. restaurants reached $99.4 billion in April, reflecting a 1.2% month-over-month increase after a 3% rise in March, indicating consumer willingness to dine out [3][4] - Inflation is showing signs of cooling, with the consumer price index (CPI) rising 0.2% in April and a year-over-year increase of 2.3%, the smallest since February 2021 [5] Economic Factors - Easing trade war tensions and a temporary pause on tariffs announced by President Trump have contributed to a more favorable outlook for the restaurant industry [6] - The Federal Reserve's potential resumption of rate cuts could further benefit the restaurant sector [6] Investment Opportunities - Recommended restaurant stocks include BJ's Restaurants, Inc. (BJRI), Wingstop (WING), and CAVA Group, Inc. (CAVA), all of which have seen positive earnings estimate revisions in the last 60 days and carry a Zacks Rank 2 (Buy) [2] - BJRI has an expected earnings growth rate of 23.8% for the current year, with a 9% improvement in earnings estimates over the past 60 days [7] - WING's expected earnings growth rate is 6.3%, with a 6.3% improvement in earnings estimates over the past 60 days [8] - CAVA's expected earnings growth rate is 38.1%, with a 5.5% improvement in earnings estimates over the past 60 days [10]
Wingstop Auctions Off First-Ever Bottle of Their Iconic Ranch, Complete with a Year's Supply
Prnewswire· 2025-03-10 12:59
Wingstop ranch delivers a flavorful punch to every chicken wing, tender, sandwich or fry it touches. Made fresh in restaurants everyday, Wingstop's ranch is a true fan favorite. "Wingstop ranch isn't just any dip – it's legendary. We've seen ranch fountains go viral and people cater Wingstop ranch at their weddings. But one of the biggest trends we see is fans begging us to bottle and sell our house made ranch. Now, for the first time ever, we're answering that call," said Wingstop's Chief Revenue Officer, ...