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Wingstop (WING)

Earnings summaries and quarterly performance for Wingstop.

Research analysts who have asked questions during Wingstop earnings calls.

Andrew Charles

TD Cowen

8 questions for WING

Also covers: BROS, CAVA, CMG +13 more

Andrew Barish

Jefferies

7 questions for WING

Also covers: BROS, CAKE, CAVA +10 more

Danilo Gargiulo

AllianceBernstein

7 questions for WING

Also covers: CAVA, CMG, DPZ +7 more

David Tarantino

Robert W. Baird & Co.

7 questions for WING

Also covers: ATKR, BROS, CAKE +18 more

Jeffrey Bernstein

Barclays

7 questions for WING

Also covers: BJRI, BLMN, BROS +22 more

Sara Senatore

Bank of America

7 questions for WING

Also covers: BLMN, BROS, CAKE +21 more

Brian Harbour

Morgan Stanley

6 questions for WING

Also covers: BLMN, BROS, CAKE +21 more

Christine Cho

Goldman Sachs Group

3 questions for WING

Also covers: BEP, BEPC, BLMN +22 more

Christopher O'Cull

Stifel, Nicolaus & Company

3 questions for WING

Also covers: BROS, CAVA, CMG +13 more

Gregory Francfort

Guggenheim Securities

3 questions for WING

Also covers: BROS, CMG, DPZ +10 more

Hyun Jin Cho

Goldman Sachs

3 questions for WING

Also covers: CMG, DRI, EAT +6 more

James Salera

Stephens Inc.

3 questions for WING

Also covers: BRBR, CAKE, CELH +20 more

Jeffrey Farmer

Gordon Haskett Research Advisors

3 questions for WING

Also covers: BLMN, BROS, CAKE +7 more

Chris O'cull

Stifel Financial Corp

2 questions for WING

Also covers: BROS, CAVA, CMG +11 more

Chris O'Cull

Stifel

2 questions for WING

Also covers: CAVA, EAT, SBUX

Dennis Geiger

UBS

2 questions for WING

Also covers: BLMN, BROS, CAKE +18 more

Jim Salera

Stephens Inc.

2 questions for WING

Also covers: BRBR, CAKE, CELH +20 more

Brian Vaccaro

Raymond James Financial, Inc.

1 question for WING

Also covers: BLMN, CAKE, CAVA +7 more

Sharon Zackfia

William Blair & Company

1 question for WING

Also covers: BIRK, BJRI, BROS +16 more

Recent press releases and 8-K filings for WING.

Wingstop Opens 3,000th Restaurant
WING
New Projects/Investments
Guidance Update
  • Wingstop announced the opening of its 3,000th restaurant globally on November 26, 2025, marking a significant milestone in its expansion efforts.
  • The company achieved this milestone at a record pace, opening nearly 800 restaurants and expanding its global footprint by 50% in just two years.
  • During this period, Wingstop entered six new markets and now operates in 47 U.S. states and 15 countries, with plans to open in Thailand, Italy, and Ireland soon.
  • Wingstop aims to become a Top 10 Global Restaurant Brand with more than 10,000 restaurants worldwide, driven by a strong development pipeline and franchisee interest.
Nov 26, 2025, 1:50 PM
Wingstop Reports Q3 2025 Results and Updates Full-Year Guidance
WING
Earnings
Guidance Update
New Projects/Investments
  • Wingstop reported a 5.6% decline in same-store sales for Q3 2025, which was below expectations due to a broader softening consumer environment.
  • Despite the sales decline, the company achieved $63.6 million in Adjusted EBITDA, a 19% increase year-over-year, and Adjusted EPS of $1.09, up 15.6% compared to the prior year.
  • For full-year 2025, domestic same-store sales guidance was updated to a decline of 3%-4%, while global unit growth guidance was increased to 475-485 net new restaurants.
  • Strategic initiatives, including the rollout of the Wingstop Smart Kitchen (implemented in over 2,000 restaurants), a new marketing campaign, and the upcoming Club Wingstop loyalty program (targeting national launch by end of Q2 2026), are expected to drive a return to same-store sales growth in 2026.
  • Wingstop declared a quarterly dividend of 30 cents per share and repurchased 140,103 shares of common stock at an average price of $285.26 during Q3 2025.
Nov 4, 2025, 3:00 PM
Wingstop Reports Strong Q3 2025 Financials, Updates 2025 Guidance, and Details Growth Strategies
WING
Earnings
Guidance Update
New Projects/Investments
  • Wingstop reported strong Q3 2025 financial results, including 10% system-wide sales growth, 19% unit growth, and a nearly 19% increase in adjusted EBITDA to $63.6 million. Adjusted earnings per diluted share rose 15.6% to $1.09.
  • The company updated its 2025 guidance, increasing global unit growth to a range of 475-485 net new restaurants and adjusting the domestic same-store sales outlook to a decline of 3%-4%.
  • Strategic initiatives, including the Wingstop Smart Kitchen, a new marketing campaign, and the Club Wingstop loyalty program (set for national launch by the end of Q2 2026), are expected to drive a return to same-store sales growth in 2026 and contribute to long-term goals of over 10,000 restaurants and $3 million AUVs.
  • Wingstop finalized a landmark agreement for expansion in India, identifying an opportunity for over 1,000 restaurants in that market.
Nov 4, 2025, 3:00 PM
Wingstop Reports Q3 2025 Results, Updates Guidance, and Details Strategic Initiatives
WING
Earnings
Guidance Update
Demand Weakening
  • Wingstop (WING) reported 10% system-wide sales growth and 19% unit growth in Q3 2025, with 369 net new restaurants opened through the first nine months of the year.
  • Domestic same-store sales declined 5.6% in Q3 2025, leading to an updated full-year 2025 outlook for domestic same-store sales to a decline of 3%-4%.
  • Adjusted EBITDA increased 19% to $63.6 million and Adjusted EPS grew 15.6% to $1.09 in Q3 2025.
  • The company is rolling out the Wingstop Smart Kitchen to over 2,000 restaurants, launched a new marketing campaign, and is piloting the Club Wingstop loyalty program, with a national launch planned by the end of Q2 2026.
  • Wingstop updated its global unit growth guidance for 2025 to 475-485 net new restaurants and declared a quarterly dividend of $0.30 per share.
Nov 4, 2025, 3:00 PM
Wingstop Inc. Reports Q3 2025 Financial Results and Updates 2025 Guidance
WING
Earnings
Guidance Update
Share Buyback
  • Wingstop Inc. reported a 10.0% increase in system-wide sales to $1.4 billion and an 8.1% increase in total revenue to $175.7 million for the fiscal third quarter ended September 27, 2025. Adjusted EBITDA grew 18.6% to $63.7 million, and net income increased 10.7% to $28.5 million, or $1.02 per diluted share.
  • The company achieved 114 net new restaurant openings in the fiscal third quarter 2025, contributing to 19.3% net new unit growth.
  • Despite overall growth, domestic same store sales decreased 5.6% in Q3 2025.
  • Wingstop updated its 2025 guidance, now anticipating a 3% to 4% decline for domestic same store sales growth (previously approximately 1% growth).
  • The Board of Directors declared a quarterly dividend of $0.30 per share, and the company repurchased 140,103 shares of common stock during the quarter.
Nov 4, 2025, 12:30 PM
Wingstop Announces Fiscal Third Quarter 2025 Financial Results
WING
Earnings
Guidance Update
Dividends
Share Buyback
  • Wingstop reported strong financial results for the fiscal third quarter ended September 27, 2025, with total revenue increasing 8.1% to $175.7 million, adjusted EBITDA growing 18.6% to $63.7 million, and adjusted earnings per diluted share reaching $1.09.
  • The company achieved 114 net new openings in the fiscal third quarter 2025, contributing to 19.3% net new unit growth.
  • Domestic same store sales decreased 5.6% in the fiscal third quarter 2025.
  • Wingstop updated its 2025 guidance, now expecting a 3% to 4% decline for domestic same store sales growth, 475 to 485 global net new units, and SG&A between $131 million and $132 million.
  • The board of directors authorized a quarterly dividend of $0.30 per share of common stock, and the company repurchased 140,103 shares of its common stock at an average price of $285.26 per share during the fiscal third quarter of 2025.
Nov 4, 2025, 12:30 PM
Wingstop Reports Strong Q2 2025 Financial Results, Raises Unit Growth Guidance, and Increases Dividend
WING
Earnings
Guidance Update
Dividends
  • Wingstop reported strong Q2 2025 financial results, with system-wide sales increasing 13.9% to $1.3 billion and total revenue up 12% to $174.3 million. Adjusted EBITDA grew 14.3% to $59.2 million, and Adjusted EPS increased 1.6% to $1.00 per diluted share.
  • The company achieved a record 129 net new restaurant openings globally in Q2 2025 and updated its full-year 2025 global unit growth guidance to 17% to 18%, implying 435 to 460 net new units. This growth is largely driven by existing brand partners reinvesting due to strong unit economics.
  • Wingstop's domestic same-store sales declined 1.9% in Q2 2025, but the company reiterated its fiscal year 2025 guidance for domestic same-store sales growth of approximately 1%.
  • The rollout of the Wingstop Smart Kitchen is progressing, now live in 1,000 restaurants and on track for full system implementation by year-end, showing early results of 40% reductions in average ticket times and improved guest satisfaction.
  • The Board of Directors approved an increase in the regular quarterly dividend from $0.27 to $0.30 per share, payable on September 5, 2025. The company also completed $370 million in share repurchases through 2025.
Jul 31, 2025, 5:20 AM
Wingstop Amends Governance and Bylaws in Q1 2025 8-K Filing
WING
Board Change
Auditor Change
Proxy Vote Outcomes
  • Governance amendments approved effective May 22, 2025 include board declassification and elimination of supermajority voting rules, as detailed in the amendments to the Certificate of Incorporation (docs ).
  • The 2025 Annual Meeting ratified the election of directors for three-year terms and confirmed KPMG LLP as the independent auditor for fiscal year 2025 (doc ).
  • The filing also incorporates the amended and restated bylaws, reflecting the updated governance framework (doc ).
May 23, 2025, 12:00 AM
Wingstop Q1 2025 Financial Results & Earnings Highlights
WING
Earnings
Dividends
Share Buyback
Revenue Acceleration/Inflection
  • System-wide sales climbed 15.7% to $1.3 billion while total revenue increased 17.4% to $171.1 million, with net income surging 221% to $92.3 million and Adjusted EBITDA growing 18.4% to $59.5 million (, , ).
  • Achieved a record 126 net new openings driving 18.0% unit growth, with improved domestic performance (AUV reached $2.1 million) and international expansion including Kuwait, with plans for Australia and China (, , , , ).
  • Recorded record same-store sales growth of 0.5% amid challenging macroeconomic conditions ().
  • Updated FY2025 guidance projects domestic same-store sales growth of ~1%, a global unit growth rate of 16%-17%, an accelerated share repurchase of $250 million, and a planned dividend of $0.27 per share (, , ).
Apr 30, 2025, 12:00 PM
Wingstop Q4 & Fiscal 2024 Results and Strategic Growth Outlook
WING
Earnings
Share Buyback
Revenue Acceleration/Inflection
Guidance Update
  • Q4 Highlights: Total revenue increased 27.4% to $161.8M, net income rose 42.2% to $26.8M, system-wide sales grew 27.6% with 105 net new restaurants and domestic same-store sales up 10.1%
  • Fiscal 2024 Performance: Achieved record full-year results with 349 net new restaurants, system-wide sales of $4.8B, net income up 54.9% to $108.7M, and marked the 21st consecutive year of same-store sales growth
  • Share Repurchase & Strategic Outlook: Launched an additional $500M share repurchase program (including an accelerated $250M buyback) and set 2025 guidance with a global unit growth target of 14–15% plus a quarterly dividend of $0.27 per share
  • Operational Excellence & EBITDA Growth: Q4 adjusted EBITDA increased 44% to $56.3M, with fiscal adjusted EBITDA reaching $212M, supported by domestic AUV rising to $2.1M
  • Digital Innovation: The launch of the MyWingstop platform boosted the digital sales mix to 70%, driving record new guest acquisition and engagement
Feb 19, 2025, 1:00 PM