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    Wingstop COO Lawrence Kruguer to Resign in March

  • Industry News January 3, 2020
    wikimedia commons/Leahdi
    Wingstop's top-line sales have jumped in recent quarters.

    Wingstop EVP and chief operating officer Lawrence Kruguer plans to resign from the company, effective March 7, according to securities filings. The chain said his departure was “not the result of any material disagreement with the company regarding its operations, policies or practices.”

    Kruguer led Wingstop’s operations since January 2018. He was promoted from president of international, a title he held for the previous three years.

    READ MORE: For Wingstop, why stop at 2,500 restaurants?

    Wingstop’s domestic same-store sales jumped 12.3 percent in the third quarter that ended September 28 as systemwide figures bumped 21.6 percent to $383.5 million. Total revenue upped to $49.9 million. Net income fell 6.6 percent to $5.9 million.

    The brand finished the period with 1,169 U.S. franchises and 141 international restaurants (30 company-run units as well).

    News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.