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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore 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.

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:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wingstop CEO says majority of company's growth comes from existing franchises reinvestingWingstop CEO Michael Skipworth discussed the chicken wings-focused restaurant chain’s growth with CNBC’s Jim Cramer
Source: NBCLA - 🏆 319. / 59 Read more »