DALLAS, Sept. 15,
2022 /PRNewswire/ -- Wingstop (NASDAQ: WING) today
announced the appointment of Craig
Sherwood as its SVP of U.S. Development. Craig will lead
domestic development and focus on executing Wingstop's domestic
development playbook through new and existing franchisees as the
brand scales its U.S. footprint.
"I'm excited for Craig to join the brand at such a pivotal time
as we look to scale our 1,600+ restaurants base to 4,000 plus
across the country," said Michael
Skipworth, Wingstop President and CEO. "With an average unit
volume of $1.6 million and our
industry leading unit economics, our franchisees continue to
reinvest in Wingstop and position us with a strong domestic
pipeline fueling development growth for Wingstop. We have a great
deal of white space across the country, and Craig's leadership and
experience of domestic franchised development make him an
incredible asset for our brand."
Craig previously served as the VP of U.S. Development at Little
Caesars Enterprises Inc. where he oversaw all aspects of domestic
franchise development, real estate and construction. He also served
as the Chief Development Officer at Gold's Gym and held various
development-focused roles at other franchised brands including
Sonic Drive-In and Yum! Brands.
Wingstop's compelling business model provides industry-leading
returns for its franchisees and has fueled record development for
the brand in 2022, opening a record 127 net new units for the first
half of 2022, and has a target of 7,000 plus restaurants
globally.
For information on franchising a Wingstop, click here.
About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING)
operates and franchises more than 1,850 locations worldwide. The
Wing Experts are dedicated to Serving the World Flavor through an
unparalleled guest experience and use of a best-in-class technology
platform, all while offering classic and boneless wings and
tenders, always cooked to order and hand sauced-and-tossed in fans'
choice of the brand's bold, distinctive flavors. Wingstop's menu
also features signature sides including fresh-cut, seasoned fries
and freshly-made ranch and bleu cheese dips.
In fiscal year 2021, Wingstop's system-wide sales increased
20.2% year-over-year to approximately $2.3
billion, marking the 18th consecutive year of same store
sales growth. With a vision of becoming a Top 10 Global Restaurant
Brand, our system is comprised of independent franchisees, or brand
partners, who account for approximately 98% of Wingstop's total
restaurant count of 1,858 as of June 25, 2022.
A key to this business success and consumer fandom stems from
The Wingstop Way, which includes a core value system of being
Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop
Way extends to the brand's environmental, social and governance
platform as Wingstop seeks to provide value to all
stakeholders.
Rounding out a strong year in 2021, the Company was ranked #1 on
Technomic 500's "Fastest Growing Franchise" and #22 on Entrepreneur
Magazine's "Franchise 500," maintained its certification as a Great
Place to Work, was named as a finalist for The Innovation SABRE
Award's Best New Product/Brand Launch category for its Thighstop
campaign, and named to Fast Company's "The World's Most Innovative
Companies" list ranking #4 in the dining category.
For more information
visit www.wingstop.com or www.wingstop.com/own-a-wingstop and
follow @Wingstop on Twitter, Instagram, Facebook, and TikTok. Learn
more about Wingstop's involvement in its local communities
at www.wingstopcharities.org.
Media Contact
Megan Sprague
Media@wingstop.com
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SOURCE Wingstop Restaurants Inc.