We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wingstop Opens 100th Restaurant in Mexico, Expands Globally
Read MoreHide Full Article
Wingstop Restaurants Inc. (WING - Free Report) recently announced that its international restaurant count exceeded 100 in December.
The 100th location was opened in Reynosa, Mexico. The restaurant opening marked the country’s 60th location. Notably, Mexico is the company’s first and the longest running international market that has helped it gain global traction.
The company, which is known for its global expansion strategies, has established more than 1,000 locations worldwide, including the United States, Mexico, Singapore, the Philippines, Indonesia, United Arab Emirates, Malaysia and Saudi Arabia.
We note that shares of Wingstop have rallied 40% in the past year, outperforming the industry’s gain of 20.8%.
Expansion to to Boost Traffic & Sales
The 100th location adds to Wingstop’s rapidly growing brand portfolio. Expansion and brand building seem to be the company’s primary strategies to drive growth. We believe that continual international development will strengthen Wingstop’s global brand presence that would eventually pave way for long-term growth.
In the third quarter of 2017, the company announced 32 net restaurant openings, of which five were in international markets. In the said quarter, Wingstop forayed into Saudi Arabia which reached the company’s restaurants count to 94 in seven countries outside the United States.
The company also signed two international development agreements for 110 restaurants across Australia and New Zealand over the next 10 years and more than 70 restaurants in France over the next 12 years. Continual global expansion is part of the company’s broader goal to achieve a position among the top ten global restaurant brands.
Cash Generation to Enhance Shareholders’ Value
Wingstop’s relentless global expansion is made possible by its franchisee business model that strengthens brand recognition and helps the company drive free cash flow.
Solid cash balance gives management the flexibility to pursue opportunities in different markets as well as increase dividend payout. These are expected to continue enhancing Wingstops’ shareholders’ value.
Zacks Rank & Stocks to Consider
Wingstop has a Zacks Rank #3 (Hold).
A few better-ranked stocks in the U.S. restaurant space are Famous Dave's of America, Inc. (DAVE - Free Report) , Good Times Restaurants, Inc. (GTIM - Free Report) and McDonald's Corporation (MCD - Free Report) . While Dave’s of America sports a Zacks Rank #1 (Strong Buy), Good Times and McDonald's carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dave’s of America, McDonald's and Good Times’ long-term EPS growth is projected at 20%, 9.4% and 25%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Wingstop Opens 100th Restaurant in Mexico, Expands Globally
Wingstop Restaurants Inc. (WING - Free Report) recently announced that its international restaurant count exceeded 100 in December.
The 100th location was opened in Reynosa, Mexico. The restaurant opening marked the country’s 60th location. Notably, Mexico is the company’s first and the longest running international market that has helped it gain global traction.
The company, which is known for its global expansion strategies, has established more than 1,000 locations worldwide, including the United States, Mexico, Singapore, the Philippines, Indonesia, United Arab Emirates, Malaysia and Saudi Arabia.
We note that shares of Wingstop have rallied 40% in the past year, outperforming the industry’s gain of 20.8%.
Expansion to to Boost Traffic & Sales
The 100th location adds to Wingstop’s rapidly growing brand portfolio. Expansion and brand building seem to be the company’s primary strategies to drive growth. We believe that continual international development will strengthen Wingstop’s global brand presence that would eventually pave way for long-term growth.
In the third quarter of 2017, the company announced 32 net restaurant openings, of which five were in international markets. In the said quarter, Wingstop forayed into Saudi Arabia which reached the company’s restaurants count to 94 in seven countries outside the United States.
The company also signed two international development agreements for 110 restaurants across Australia and New Zealand over the next 10 years and more than 70 restaurants in France over the next 12 years. Continual global expansion is part of the company’s broader goal to achieve a position among the top ten global restaurant brands.
Cash Generation to Enhance Shareholders’ Value
Wingstop’s relentless global expansion is made possible by its franchisee business model that strengthens brand recognition and helps the company drive free cash flow.
Solid cash balance gives management the flexibility to pursue opportunities in different markets as well as increase dividend payout. These are expected to continue enhancing Wingstops’ shareholders’ value.
Zacks Rank & Stocks to Consider
Wingstop has a Zacks Rank #3 (Hold).
A few better-ranked stocks in the U.S. restaurant space are Famous Dave's of America, Inc. (DAVE - Free Report) , Good Times Restaurants, Inc. (GTIM - Free Report) and McDonald's Corporation (MCD - Free Report) . While Dave’s of America sports a Zacks Rank #1 (Strong Buy), Good Times and McDonald's carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dave’s of America, McDonald's and Good Times’ long-term EPS growth is projected at 20%, 9.4% and 25%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>