Wingstop CEO: We’re growing our business in a healthy way

In an interview on CNBC’s Mad Money, Michael Skipworth said there’s some skepticism towards the restaurant industry, but Wingstop is growing. Its average unit volume is better than most in the industry, he noted. There’s “meaningful opportunity” to grow AUVs on a double digit basis, he added. 90% of new restaurant growth comes from existing brand partners. The company is seeing a halo effect from its chicken sandwich which is drawing new customers. He’s “excited” about the accelerated share repurchase program and feels they are buying company shares at a discount. He expects Wingstop to open 250 restaurants this year.