Wingstop CEO Michael Skipworth discussed the chicken wings-focused restaurant chain's growth with CNBC's Jim Cramer, saying much of it comes from existing franchisees reinvesting in the business.
"If we look back over the restaurants we've opened over the last year, over 90% of those came from our existing franchisees reinvesting, which I think just speaks to the strength of the model," Skipworth said.
He added that Wingstop's partnership with companies like DoorDash and Uber Eats is also bringing customers to the business.
According to Skipworth, widespread inflation is not hurting the company's franchisees.
And it doesn't take a lot of capital to open a Wingstop," he said.
Persons:
Michael Skipworth, CNBC's Jim Cramer, Skipworth
Organizations:
reinvesting