Wingstop
Logotype for Wingstop Inc

Wingstop (WING) investor relations material

Wingstop Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Wingstop Inc
Q4 2025 earnings summary18 Feb, 2026

Executive summary

  • Achieved system-wide sales growth of 12.1% for 2025, surpassing 3,000 restaurants, opening 493 net new units, and entering six new international markets, despite a 3.3% decline in same-store sales, the first in 22 years.

  • Implemented the Wingstop Smart Kitchen initiative across all domestic restaurants in 10 months, driving operational improvements and speed of service, with 50% of restaurants achieving 10-minute ticket times.

  • Launched a successful pilot of the Club Wingstop loyalty program, with national rollout planned for Q2 2026 and a 7% increase in frequency among pilot participants.

  • Digital sales accounted for 73.2% of system-wide sales in Q4 2025, with the digital customer base growing 20% in 2025, especially among higher-income and Gen Z cohorts.

  • Adjusted EBITDA grew 15.2% year-over-year, reflecting the durability of the asset-light, highly franchised model.

Financial highlights

  • Q4 system-wide sales reached $1.3 billion, up 9.3% year-over-year, driven by 124 net new restaurants, offset by a 5.8% decline in domestic same-store sales.

  • Q4 total revenue was $175.7 million, an 8.6% increase year-over-year.

  • Adjusted EBITDA for Q4 was $61.9 million, up 10% year-over-year; adjusted EPS was $1, up 5%, including an $0.18/share impact from interest expense.

  • Fiscal 2025 net income rose 60.3% to $174.3 million ($6.21 per diluted share); adjusted net income was $114.5 million ($4.08 per share).

  • Returned over $250 million to shareholders in 2025 via dividends and share repurchases.

Outlook and guidance

  • 2026 domestic same-store sales expected to be flat to low-single-digit percent growth; global unit growth anticipated at 15–16%.

  • Adjusted EBITDA growth rate projected at approximately 15% for 2026.

  • SG&A guidance for 2026 is $151–$154 million, including $32 million in stock-based compensation and $3 million in restructuring charges.

  • Interest expense for 2026 projected at $43 million; depreciation/amortization at $30 million.

How will 2026 domestic SSS growth be achieved
Smart Kitchen impact on restaurant profitability
How does LPH sale impact future earnings
What drives WSK 10-min consistency beyond 50%?
How will Club Wingstop drive $3M AUVs?
How is cannibalization managed with high unit growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Wingstop earnings date

Logotype for Wingstop Inc
Q1 202629 Apr, 2026
Wingstop
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Wingstop earnings date

Logotype for Wingstop Inc
Q1 202629 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Wingstop Inc operates and franchises fast-casual restaurants specializing in chicken wings, fries, and sides. The company serves customers through dine-in, carryout, and digital ordering platforms in the United States and international markets. The company is headquartered in Addison, Texas, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage