Hungry Canadians can get their hands on this typical Wingstop “taste” from the beginning of 2022
DALLAS, April 27, 2021 / PRNewswire / – Wingstop (NASDAQ: WING) is the award-winning wing concept with more than 1,500 locations worldwide. The company specializes in made-to-order, handcrafted and tossed wings and available in 11 different flavors as hand-cut fries and homemade dips and side dishes. Today the brand announced plans to expand its global reach by expanding in Canada through an agreement with JPK Capital to develop 100 Wingstop locations across Europe Canada to open with the first set in the next 10 years Toronto.
JPK Capital is a single family office motivated by sustainable change, technological innovation and long-term vision. Founded in 2017 and run by entrepreneur and founder of Luxury Retreats (sold to Airbnb) Joe PoulinJPK Capital specializes in providing the long-term capital, strategy and technical expertise consumer businesses need to scale and grow their businesses. JPK Capital’s portfolio includes successful restaurant franchises in several countries.
“JPK Capital couldn’t be happier to partner with Wingstop and take responsibility for bringing one of the most successful restaurant brands and the best grand pianos in the world Canada, “said Joe Poulin, Founder and CEO of JPK Capital. “As technology entrepreneurs and investors, we have been impressed with Wingstop’s investment in innovation and look forward to leveraging its proprietary tech stack to bring Canadians a world-class digital and in-restaurant experience.”
Wingstops expansion in Canada What follows is an explosive 2020, with the brand seeing positive sales growth in the same store for the 17th consecutive year, rounding the year down with 153 new net units, 21.4% domestic sales growth in the same store, and total digital sales north of 60% .
“Wingstop in Canada This is another important step towards our stated goal of becoming a top 10 global brand and confirms the portability of our brand on a global scale, “he said Nicolas Boudet, President of International at Wingstop. “We are currently seeing Wingstop, with our unique brand positioning and product offering, meet a need in the Canadian market and believe that this is a market where we based the success we have seen in the US on the appreciation and the Repeat Canadians’ demands for bold taste and flavors Quality product, we are excited to partner with JPK Capital on this endeavor. Joe Poulin and its partners have built a strong track record of seeding, operating and scaling high-growth companies in the technology and hospitality industries. “
Wingstop took aim Canada for its global expansion because of Canada Proximity to the brand’s home market in the US and similarities in consumer behavior with regard to digital engagement and off-premise dining.
The 100-site agreement begins in Ontario, with the Toronto The site is expected to open in 2022 pending unexpected or additional Canadian border regulations and closures due to COVID-19.
Founded in 1994 and headquartered in Dallas, TXWingstop Inc. (NASDAQ: WING) operates and sells over 1,500 locations worldwide. The Wing experts are dedicated to serving world flavors through an incomparable guest experience and offering classic wings, boneless wings and tenders, always made to order and hand-made and thrown in a selection of 11 bold, distinctive flavors. Wingstop’s menu also features signature side dishes such as freshly cut, seasoned French fries and freshly made ranch and blue cheese dips.
In the 2020 financial year, Wingstop’s system-wide revenue increased by 28.8% year-on-year to approximately $ 2.0 billionWingstop was the 17th consecutive year of sales growth in the same business and has achieved a shareholder return of over 700% since going public in 2015. With the vision of becoming one of the top 10 global restaurant brands, the system consists of independent franchisees or brand partners who, as of March 27, 2021, account for more than 98% of Wingstop’s total restaurant count of 1,579. In the past fiscal quarter on March 27, 2021, Wingstop generated 63.6% of sales via digital channels, including Wingstop.com and the Wingstop app.
A key to Wingstop’s success is The Wingstop Way, which includes a core value system that is authentic, entrepreneurial, service-oriented and entertaining. This value system extends to its platform for environment, social affairs and governance, as Wingstop tries to offer added value to everyone involved.
The company was named in Entrepreneur Magazine’s “150 Fastest Growing Franchises” and “The World’s Best Franchises” (2020), in the “Top Food Franchises” (2020) by Franchise Business Review, and in the “Top 200 Restaurant Chains “Rated by Nation’s Restaurant News (2020)), Fast Casuals” Top 100 Movers & Shakers “(2020) and recognized at the Stevie Awards for Great Employers (2020).
More information is available at www.wingstop.com or www.wingstop.com/own-a-wingstop. Follow @Wingstop on Twitter and Instagram, as well as at Facebook.com/Wingstop. Learn more about Wingstop’s commitment to local communities at www.wingstopcharities.org.
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Alex Kaleida and Susana Arevalo
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SOURCE Wingstop Restaurants Inc.