Wingstop Expansion Reaches The Philippines

Wingstop Restaurants, Inc., now in its 20(th) year in business, is expanding to the Philippines thanks to an exclusive development agreement announced today with Wingstop Philippines, Inc. to open 50 restaurants across the country. The first location is scheduled to open later this year.

"We cannot wait to introduce 'The Wing Experts' to our guests in the Philippines," said Walden Chu, president of Wingstop Philippines. "The Wingstop brand is a synergistic addition to my group's [CBTL Holdings] vision of building a portfolio of trustworthy and delightful industry-leading companies."

The expansion is the latest in a series of international milestones for Wingstop, which recently opened new restaurants in Russia and Singapore. Wingstop has over 600 restaurants around the world and commitments for more than 500 additional restaurants with plans to open more than 85 of those this year.

"We're excited to enter the Philippines and to embark on another great international partnership," said Wingstop's Chief Development Officer Dave Vernon. "Following a record-breaking year of development in 2013, the demand for Wingstop continues to flourish around the globe. This agreement puts us well on our way to what we expect to be another record year of growth for Wingstop."