Announcement Marks Largest Area Development Agreement to Date for Wingstop, Pushing Its Expansion Further Up the East Coast
DALLAS, Dec. 15, 2015 (GLOBE NEWSWIRE) — Wingstop Inc. (NASDAQ:WING), the award-winning wing concept with more than 800 locations across the globe, today announced a 35 unit development agreement with Sizzling Platter, a Utah-based restaurant management company with more than 340 restaurant units globally. This development agreement will allow Wingstop to further expand its national footprint along the East Coast, with new restaurants planned for Washington, D.C. and Virginia, in addition to Salt Lake City, Utah.
“Wingstop is excited to be partnering with an industry leading operator that has the size and the scale to significantly grow our brand presence on the East Coast,” said Charlie Morrison, President and CEO of Wingstop. “This is a unique agreement for our Company, as we typically focus on smaller agreements to drive expansion. Sizzling Platter is a well-respected and proven franchisee of multiple brands and we believe their deep expertise in day to day execution and commitment to superior customer service make them the right partner for us.”
Sizzling Platter currently operates restaurants in 11 states and multiple countries. With the addition of Wingstop, Sizzling Platter will now have five brands across their concept portfolio, including Little Caesars, Dunkin’ Donuts, Red Robin and Sizzler.
Ted Morton, Chief Executive Officer of Sizzling Platter, commented, “The strength of the Wingstop brand makes it a very compelling opportunity for our company. But above all else, we were impressed with Wingstop’s made to order wings and craveable sauces that have attracted a very loyal and passionate following. We are honored to become a part of the Wingstop family at such an exciting time.”
Wingstop continues to seek qualified franchise partners for available territories across the U.S. and around the world, as it continues to grow toward its goal of having 2,500 locations domestically, in addition to international growth.
Founded in 1994 and headquartered in Dallas, Texas, Wingstop Inc. (NASDAQ:WING) operates and franchises 807 restaurants across the United States, Mexico, Russia, Singapore, the Philippines, Indonesia, and the United Arab Emirates as of the end of the third quarter 2015. The Wing Experts’ menu features classic and boneless wings with 11 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub and Mango Habanero. Wingstop’s wings are always cooked to order, sauced and tossed and served with a variety of house-made sides including Wingstop’s hand-cut, seasoned fries. For more information visit www.wingstop.com or www.wingstopfranchise.com. Become a fan of Wingstop by visiting facebook.com/Wingstop or twitter.com/wingstop.
About Sizzling Platter:
Sizzling Platter is a proven restaurant management company founded in 1963, with more than 340 units globally. We are focused on adding and scaling segment leading concepts in outstanding demographic areas across US and select international markets. We have become a preferred partner for high growth, high return on capital brands looking to scale in our footprints. We strive to build lifetime guests across our concept portfolio utilizing lean enterprise techniques and technology to achieve operational excellence. We apply our systems, process, human capital, and passion for the restaurant business to quickly build scale within our target markets. For more information visit www.sizzlingplatter.com.
Contact Media Contact: Liz DiTrapano, ICR [email protected] 646-277-1226 Investor Contact: Raphael Gross, ICR 203-682-8253 [email protected]