POULTRY PARADISE: Wingstop CEO touts falling wing prices amid record inflation
Wingstop reported that its total revenue climbed 13.2% to $83.8 million during the three-month period ending on June 25. System-wide sales increased 7.5% to $633.6 million during the same period. Profit rose 17.6% to $13.3 million, or 44 cents per diluted share, from $11.3 million, or 38 cents, in the prior year quarter.
A plate of buffalo style chicken wings with celery and blue cheese with a beer on a bar or restaurant table. "We navigated record wing inflation in 2021 and our brand partners took the appropriate level of pricing that year to navigate that inflation and manage margins," Skipworth said. Wingstop says it's encouraged by the deflation it is seeing with chicken wings. Still, chicken prices industry-wide have increased, like most other goods, according to the Consumer Price Index .
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