Wingstop, a growing quick service restaurant chain specializing in chicken, reported a significant growth in net income during its third quarter of fiscal year 2015. The quarter ended September 26.
The chain achieved a net income of $3.2 million during the quarter, up dramatically from the $2 million reported in the same period during fiscal year 2014.
Wingstop, founded in 1994 headquartered in Dallas, now has 807 locations worldwide, 756 of which are in the United States. The chain also has branches in Mexico, Russia, Singapore, the Philippines, Indonesia and the United Arab Emirates.
"We delivered another solid quarter driven by robust top and bottom line growth attributable to effective execution of our growth strategy. So far this year we have opened 95 net new franchised restaurants and are on track to increase our annual restaurant count by 125-130 restaurants, representing approximately 18 percent unit growth. In addition to our unit growth we had another strong quarter of same store sales growth and are on track to deliver our 12th consecutive year of positive same store sales. We are also proud to have opened our 800th restaurant this past quarter as we continue our growth towards our 2,500 unit domestic potential."