DALLAS, Dec. 5, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that its board of directors approved the purchase of up to an additional $500 million of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural $250 million repurchase authorization from August 2023. With this additional repurchase authorization, the Company anticipates executing a $250 million accelerated share repurchase ("ASR") program that will commence in the fourth quarter of 2024.
DALLAS, Nov. 13, 2024 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING), today announced its intention to complete a securitized financing transaction, which will include a new series of securitized debt. The Company also expects to upsize the capacity of its variable funding note facility.
The Company intends to issue $500 million of new securitized notes (the "Notes"), in addition to its existing Series 2022-1 and Series 2020-1 Fixed Rate Senior Notes. The Company intends to use the net proceeds from the issuance to pay transaction fees, strengthen the Company's liquidity position, and for general corporate purposes, which may include the repurchase of shares of the Company's common stock. The Company also expects to upsize the capacity of its current variable funding note facility of $200 million to $300 million. Borrowing capacity under the variable funding note facility will become available as the Company satisfies certain borrowing conditions, up to a maximum capacity of $300 million. As of November 13, 2024, there were no outstanding borrowings under the existing variable note funding facility.
NEW YORK and DALLAS, Oct. 24, 2024 /PRNewswire/ -- The National Basketball Association (NBA) and Wingstop (NASDAQ: WING) today announced a multiyear partnership making Wingstop the Official Chicken Partner of the NBA and NBA G League. The agreement marks Wingstop's first official partnership with a major U.S. professional sports league.
As Wingstop continues to grow its footprint with more than 2,350 restaurants and counting, the supercharged flavor brand will leverage media exposure through virtual and courtside signage during nationally televised NBA broadcasts and will appear on the leagues' social and digital platforms throughout the season.
100% of donations made at Wingstop restaurants will support St. Jude efforts to research and treat childhood cancer
DALLAS, Sept. 30, 2024 /PRNewswire/ -- This October in honor of National Children's Health Day, Wingstop is launching a month-long initiative to benefit St. Jude Children's Research Hospital® to help make a difference in the lives of children everywhere with cancer and other life-threatening diseases. For the entire month of October, Wingstop fans can round up their checks on Wingstop.com or the Wingstop app to the nearest dollar, with 100% of donations supporting the lifesaving mission of St. Jude: Finding cures. Saving children.®
DALLAS, Sept. 25, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that it will host a conference call and webcast to discuss its fiscal third quarter 2024 financial results on Wednesday, October 30, 2024 at 10:00 a.m. ET.
A press release with fiscal third quarter 2024 financial results will be issued before the market opens that morning.
The conference call can be joined telephonically by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 (international), then entering the replay code 2235392. The replay will be available through Wednesday, November 6, 2024.
DALLAS, Aug. 26, 2024 /PRNewswire/ -- The Flavor Experts at Wingstop (NASDAQ: WING) continue to deliver bold, distinctive flavors with their latest LTO – Sweet BBQ Blaze – that only Wingstop can pull off. Sweet BBQ Blaze is available nationwide* beginning today, August 26, just in time for football season.
Reinventing a classic wing flavor to deliver the most craveable flavor experience, Wingstop's Sweet BBQ Blaze combines sweet and spice by dusting a dry rub seasoning on top of a wet sauce, creating a bold flavor inspired by two distinct BBQ regions – Kansas City and Nashville. The result? A flavor that is sweet, smoky and unexpected, ready to be hand sauced-and-tossed on Wingstop's cooked-to-order wings, chicken sandwiches and tenders.
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