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Restobiz
Wednesday, April 28th, 2021 - 2:30 pm
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American fast-casual Wingstop is bringing its chicken wings to Canada.
Wingstop has struck an agreement with JPK Capital to develop 100 locations across Canada in the next 10 years, with the first set to open in Toronto in 2022, pending any unexpected or additional Canadian border regulations and closures stemming from COVID-19.
Wingstop’s expansion into Canada comes on the heels of an explosive 2020. Despite the onset and impact of the COVID-19 pandemic, Wingstop enjoyed its 17th consecutive year of positive same-store sales growth. It ended the year with 153 net new units, 21.4 per cent domestic same-store sales growth, and total digital sales north of 60 per cent.
Company s 52-week low was at $112.47
Price action over last quarter: Up 6.15%
Company Profile
Wingstop Inc is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The company dialect has 11 proprietary flavors, which range from extremely hot to mild, Atomic, Mango Habanero, Cajun, Original Hot, Louisiana Rub, Mild, Hickory Smoked BBQ, Lemon Pepper, Garlic Parmesan, Hawaiian, and Teriyaki.