Wingstop Reports Sales Up 36.8%

<p>Wingstop&comma; a national chain specializing in chicken wings&comma; announced financial results for the fiscal first quarter ended March 30&comma; 2024&period;<&sol;p>&NewLine;<p><b>Highlights for the fiscal first quarter 2024 compared to the fiscal first quarter 2023&colon;<&sol;b><&sol;p>&NewLine;<ul >&NewLine;<li>System-wide sales increased 36&period;8&percnt; to <span class&equals;"xn-money">&dollar;1&period;1 billion<&sol;span><&sol;li>&NewLine;<li>65 net new openings in the fiscal first quarter 2024<&sol;li>&NewLine;<li>Domestic same store sales increased 21&period;6&percnt;<&sol;li>&NewLine;<li>Domestic restaurant AUV increased to <span class&equals;"xn-money">&dollar;1&period;9 million<&sol;span><&sol;li>&NewLine;<li>Digital sales increased to 68&period;3&percnt; of system-wide sales<&sol;li>&NewLine;<li>Total revenue increased 34&period;1&percnt; to <span class&equals;"xn-money">&dollar;145&period;8 million<&sol;span><&sol;li>&NewLine;<li>Net income increased 83&period;5&percnt; to <span class&equals;"xn-money">&dollar;28&period;7 million<&sol;span>&comma; or <span class&equals;"xn-money">&dollar;0&period;98<&sol;span> per diluted share<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&OpenCurlyDoubleQuote;Our fiscal first quarter 2024 showcased the momentum behind the Wingstop brand and the continued strength of our strategies&comma; delivering 21&period;6&percnt; domestic same-store sales growth driven almost entirely by transaction growth&comma;” said Michael Skipworth&comma; President &amp&semi; Chief Executive Officer&period; &OpenCurlyDoubleQuote;Our domestic Average Unit Volume &lpar;AUV&rpar; exceeded &dollar;1&period;9 million&comma; further strengthening best-in-class returns for our brand partners and is strengthening our development pipeline&comma; which gives us confidence in our ability to scale Wingstop into a Top 10 Global Restaurant Brand&period;”<&sol;p>&NewLine;<p>As of March 30&comma; 2024&comma; there were 2&comma;279 Wingstop restaurants system-wide&period; This included 1&comma;974 restaurants in <span class&equals;"xn-location">the United States<&sol;span>&comma; of which 1&comma;924 were franchised restaurants and 50 were company-owned&comma; and 305 franchised restaurants were in international markets and U&period;S&period; territories&period; During the fiscal first quarter 2024&comma; there were 65 net system-wide Wingstop restaurant openings&period;<&sol;p>&NewLine;