As a chicken wing lover, you might know Wingstop and wonder, “Who owns Wingstop?” In Wingstop, you get a taste of the American culture as a whole. It’s priced reasonably for all Americans, spread out over multiple locations. But who owns it?
Antonio Swad and Bernadette Fiaschetti founded The Wingstop in Garland, Texas, in 1994. However, Roark Capital Group is the current owner of Wingstop. Since it opened in 1994, this restaurant has won the hearts of many customers. Currently, this food giant operates over 1500 restaurants worldwide as of 2022.
This article will provide you with more information on this iconic chain.
What is Wingstop?
Wingstop’s specialty is chicken wings, one of the world’s most popular foods. It is no surprise that Wingstop has achieved such success.
Dallas-based Wingstop has expanded to more than 1,500 restaurants around the globe. Its unique selling point is the aviation-inspired decor in the entire restaurant.
Despite the slightly higher prices at Wingstop, the atmosphere in the restaurant makes up for it. The company’s early years did not see success as a foregone conclusion.
Before Wingstop arrived, chicken wings were famous as appetizers or side dishes in many restaurants. Meanwhile, Wingstop planned to serve only chicken wings as the main attraction. As a result, it has gained legions of loyal fans.
Who Owns Wingstop?
Wingstop is an upscale fast-food chain whose prime focus is chicken wings. The Wingstop opened in Garland, Texas, in 1994 as a tiny business by Antonio Swad and Bernadette Fiaschetti.
Today, Wingstop is under the ownership of Roark Capital Group. This restaurant opened in 1994, and many customers have loved it ever since. The company currently operates over 1500 restaurants worldwide.
They specialize in chicken tenders, chicken wings, and fries in terms of food. According to their product list, everything they sell is a variation of something everyone has encountered before.
They began making money very quickly after opening their first franchise. As a result, they opened more branches and expanded internationally.
They have an incomparable advantage over other brands due to the wide varieties of food they offer. The CEO of Wingstop is Charles R Morrison, also Chief Executive Officer of Thigh Stop.
Thigh Stop allows customers to order Wingstop products online at their convenience. Charles Morrison is a very experienced and well-connected individual in his field. Before coming to Wingstop, he ran several enterprises and restaurants.
In 1994, Wingstop had just one restaurant in Garland, Texas, before it grew into an entire chain of restaurants. The restaurant soon turned into one of the most well-known fast-food chains globally.
Wingstop had only intended to open three to five locations. Still, Charles R. Morrison, its CEO, made them stand out from the competition. Wingstop isn’t only growing its customer base faster than its competitors; it is also accelerating its revenue growth.
According to the company, in 2022, sales of the chicken chain increased by 31%. It was in 2002 that Wingstop celebrated its billionth sale of chicken wings.
The significance of this particular fact goes beyond just highlighting a milestone; it has to do with food security. Restaurant chains keep track of their food supplies, revealing how much food they consume regularly.