Gong cha signs 30-unit deal with SID Tea for expansion in Puerto Rico [Yahoo! Finance]
Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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Source: Yahoo! Finance
The move follows Gong cha's successful entry into the Puerto Rican market in early 2024 with openings in San Juan and Manatí. In San Juan, the store is situated at 1705 Calle San Javier while the Manati store is in the Plaza Atenas Shopping Center on 9 PR 2. SID Tea, one of Subway's major global operators, manages a portfolio of more than 180 units along with brands such as Wingstop and Acai Express. Gong cha's team is on track to inaugurate two additional stores in the summer of 2024 and aims for a total of five by the end of the year. SID Tea's strategy to introduce Gong cha to the local market is to leverage its existing portfolio by opening multiple locations in the same vicinity. This includes a variety of location types, from larger standalone units with drive-throughs to smaller kiosks within shopping centres, to maximise customer traffic and encourage trial of the product. SID Tea operations director Mario Gaztambide said: “We specifically chose to partner with Gong
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WING
News
- Wingstop Inc. (NASDAQ: WING) had its price target raised by analysts at Truist Financial Co. from $345.00 to $393.00. They now have a "hold" rating on the stock.MarketBeat
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- Gong cha Signs 30 Unit Agreement for Puerto Rico With Large Multi-Brand Operator [Yahoo! Finance]Yahoo! Finance
WING
Earnings
- 5/1/24 - Beat
WING
Sec Filings
- 6/20/24 - Form D
- 6/7/24 - Form 4
- 6/5/24 - Form 144
- WING's page on the SEC website