Rick Ross Reaps Millions in Rewards as Wingstop Investment Soars Amid Strong Revenue Growth

Rick Ross, the Grammy-nominated rapper and entrepreneur, has seen his investment in Wingstop continue to pay dividends as the popular chicken wing chain. LOS ANGELES, CALIFORNIA – JUNE 26: Rick Ross attends the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California. (Photo by Paras Griffin/Getty Images for BET) Ross, who owns more than 30 Wingstop franchises across the United States, has long been a vocal advocate for the brand. His investment has not only added to his growing business empire but has also proven lucrative as Wingstop continues to perform well in a competitive fast-food market. Wingstop Winning “After tasting Wingstop’s signature Lemon Pepper-flavored wings in Miami, I knew this was a franchise I wanted to add to my investments,” Ross said in a 2011 press release. Wingstop Inc. (NASDAQ: WING) total revenue for the fiscal second quarter of 2024 rose to $155.7 million, up from $107.2 million in the same quarter last year. Royalty revenue, franchise fees, and other income increased by $23.2 million, with $12.1 million coming from a 28.7% growth in domestic same-store sales and $8.1 million from new franchise openings. “Our second-quarter results demonstrate the strength of the Wingstop brand...