- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
