Wingstop CEO says majority of company's growth comes from existing franchises reinvesting

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Wingstop CEO Michael Skipworth discussed the chicken wings-focused restaurant chain’s growth with CNBC’s Jim Cramer

"If we look back over the restaurants we've opened over the last year, over 90% of those came from our existing franchisees reinvesting, which I think just speaks to the strength of the model," Skipworth said.

He added that even though the company has over 2,000 restaurants globally, it is seeking to grow its brand awareness as well as its AUV figures, or average unit volume, a calculation of sales divided by the number of restaurants. Skipworth said that many consumers are finding the brand through television advertisements, especially ones during live sports.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS

Business Business Latest News, Business Business Headlines