Wingstop Deep Dive – The QSR Chicken Wings Restaurant Franchise $WING

Wingstop $WING is a fast food restaurant chain specializing in chicken wings. Founded in 1997 in Garland, Texas, Wingstop has since grown to over 1,400 locations in the United States and 25 other countries and territories worldwide. The restaurant is known for its flavorful and crispy wings, which are available in a variety of sauces and dry rubs.

Wingstop’s menu also includes boneless wings, chicken tenders, sandwiches, sides, and drinks. The restaurant’s most popular wings are the Atomic, Lemon Pepper, and Mango Habanero. Wingstop also offers a variety of dipping sauces, such as Ranch, Bleu Cheese, and Honey Mustard.

Wingstop is a popular spot for wing lovers and those looking for a quick and tasty meal. The restaurant’s casual atmosphere and friendly service make it a great place to relax and enjoy a plate of wings with friends or family.

  • Q3 2023 (November 1, 2023):
    • System-wide sales: Increased 26.5% to $885.0 million.
    • Domestic same-store sales: Grew 15.3%.
    • Total revenue: Up 26.4% to $117.1 million.
    • Net income: Increased 46.0% to $19.5 million ($0.65 per share).
    • Adjusted EPS: Up 53.3% to $0.69 per share.
  • Earnings forecast for Q4 2023 (February 14, 2024): Analysts expect EPS of $0.56 (down from $0.60 last year).

In addition to its traditional brick-and-mortar locations, Wingstop also offers delivery and catering services. The restaurant’s online ordering system makes it easy to order your favorite wings for pickup or delivery. Wingstop also caters events of all sizes, from small gatherings to large parties.

Wingstop is a franchise restaurant, which means that each location is owned and operated by an independent franchisee. However, the restaurant chain has strict quality control standards to ensure that all Wingstop locations provide the same great food and service.

Wingstop has been named one of the best chicken wing restaurants in the United States by a number of publications, including USA Today and Thrillist. The restaurant has also been praised for its commitment to customer service and its dedication to providing a high-quality dining experience.

Technical Analysis: 1- Stage 2 markup, Trend is positive, All moving averages up but Negative divergence on the RSI.

Valuation is rich at 114 PE, but high debt gives me pause. I think this goes a little lower to $230 to $250 before I’d be interested again.

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