Wingstop SWOT Analysis, USP & Competitors

Posted in Food & Beverages, Total Reads: 2770
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SWOT Analysis of Wingstop with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Wingstop

Parent Company

Roark Capital Group

Category

Restaurants

Sector

Food and Beverages

Tagline/ Slogan

The Wing Experts

USP

Buffalo-style chicken wings

STP

Segment

Food and beverages for Adults with Kids , Yout

Target Group

Working Adults , Students who who have a taste for Chicken – and focus on taste over health

Positioning

Nostalgic, aviation-themed restaurants

SWOT Analysis

Strengths

1. Offer a variety of house-made sides including Wingstop’s award winning hand-cut seasoned fries.

2. Focussed positioning - original concept that our fresh, made-to-order wings and chicken remain the only center of the plate item on the menu.

3. Diverse customer base - menu attractive to the vast majority of consumers. proprietary sauces and seasonings – offer a variety of flavor selections for a single entrée buffalo style wings

4. Widespread geographical presence -more than 660 restaurants open across the United States, Mexico, Russia, Singapore, the Philippines and Indonesia, with locations coming soon to the United Arab Emirates.

5. Differentiated from competition through  proprietary recipes and superior customer service offerings

6. some locations offer some of the highest sales per square foot in the industry

7. Majority carryout business  -requires less space per location – lower costs

8. A chain with  650 restaurants either open or in development

Weaknesses

1. Limited Advertising Spend and lacks a well developed marketing strategy

2. Not much focus on promotional activities to keep customers engaged

Opportunities

1. Innovation on the menu front to include healthy food options for the weight - watchers

2. Tie-ups with big players and expanding to newer geographies can boost brand presence

3. More spend on advertising and online marketing to enhance brand image

Threats

1. Franchise model – makes it difficult to implement strict quality control and standardization practices

2. The company has to bare the increasing operational costs

3. Higher competitor activity can also reduce the market share

Competition

Competitors

1. Buffalo Wild Wings

2. Bojangles' Restaurants, Inc.

3. Zaxby's Franchising, Inc.


The table above concludes the Wingstop SWOT analysis along with its marketing strategy and brand parameters.

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