Wingstop (WING) Investor presentation summary

Mission and vision

• Mission is to serve the world flavor, elevating life through unique taste experiences.

• Vision is to become a top 10 global restaurant brand, leveraging flavor and brand personality.

Growth and market opportunity

• Over 2,563 restaurants in 12 global markets, with a long-term potential of 10,000+ locations.

• System-wide sales reached $4.8B in 2024, with a 25.8% five-year CAGR.

• Domestic market potential exceeds 6,000 restaurants, international potential over 4,000.

• Core demographic is 18-35, with broad multicultural appeal and group-centered occasions.

Financial performance and unit economics

• Average unit volume (AUV) reached $2.1M in 2024, with a target of $3M.

• Cash-on-cash returns exceed 70%, with investment costs around $500K per unit.

• 21 consecutive years of domestic same-store sales growth, with 71% stacked growth since 2019.

• 98% franchised model generates highly predictable cash flow, with $180M+ free cash flow in FY24.