Wingstop Enters Spain With The Launch Of Ghost Kitchens

Wingstop Inc WING plans to expand into Spain by launching four ghost kitchens in Madrid.
The company is opening the kitchens in partnership with a kitchen logistics partner.
The first two of the kitchens will be opened on March 31, 2022, the third is scheduled to open in early April, and the fourth in Summer 2022.
With the delivery-only, ghost kitchen model in place, Wingstop expects a traditional franchise opportunity to follow in time.
Price Action: WING shares closed higher by 8.98% at $123.41 on Wednesday.