
- Wingstop Inc (NASDAQ:WING) plans to expand into Spain by launching four ghost kitchens in Madrid.
- The company is opening the kitchens in partnership with a kitchen logistics partner.
- The first two of the kitchens will be opened on March 31, 2022, the third is scheduled to open in early April, and the fourth in Summer 2022.
- With the delivery-only, ghost kitchen model in place, Wingstop expects a traditional franchise opportunity to follow in time.
- Price Action: WING shares closed higher by 8.98% at $123.41 on Wednesday.