Wingstop Records 493 Net New Restaurants, Drives 12.1% Sales Growth
Wingstop opened a record 493 net new restaurants in 2025, driving 12.1% system-wide sales growth to $5.3 billion and 15.2% adjusted EBITDA increase to $244.2 million. Fourth-quarter sales rose 9.3% to $1.347 billion despite a 5.8% domestic same-store sales decline, and the board declared a $0.30 quarterly dividend.
1. Fourth Quarter Results
Wingstop’s fourth-quarter system-wide sales reached $1.347 billion, marking a 9.3% increase year-over-year, while total revenue rose 8.6% to $175.7 million. Net income was $26.8 million with adjusted EBITDA up 9.8% to $61.9 million on 124 net new restaurant openings and a domestic AUV of $2.0 million, despite a 5.8% same-store sales decline.
2. Fiscal Year 2025 Performance
For fiscal 2025, system-wide sales climbed 12.1% to $5.3 billion and total revenue increased 11.4% to $696.9 million. The company opened 493 net new restaurants, grew net income by 60.3% to $174.3 million, and boosted adjusted EBITDA by 15.2% to $244.2 million, even as domestic same-store sales dipped 3.3%.
3. Operating and Unit Expansion
Wingstop expanded into six new international markets and implemented its Smart Kitchen model across all 2,586 domestic restaurants within 10 months. Digital sales accounted for 73.2% of system-wide revenue, and average unit volume at domestic restaurants was $2.0 million, supporting strong unit economics.
4. 2026 Guidance and Capital Return
The company forecasted flat to low-single-digit domestic same-store sales growth and 15%–16% global unit growth for 2026, with SG&A guidance of $151–$154 million and interest expense of $43 million. The board declared a $0.30 quarterly dividend totaling $8.3 million and repurchased 248,278 shares in Q4.