Wingstop reported strong financial and operational performance in 2024, achieving record growth in sales and restaurant expansion. The introduction of new technology and a focus on digital transformation have positioned the company for future success. While there are challenges related to cost increases and macroeconomic pressures, the overall sentiment is positive due to the significant highlights outweighing the lowlights.

Company Guidance

During the Wingstop fiscal fourth quarter and full year 2024 earnings call, key metrics highlighted included a domestic same-store sales growth of 19.9% for the year, driven primarily by transactions, leading to a two-year stacked comp of 38%. The company achieved system-wide sales growth of 36.8% to $4.8 billion and adjusted EBITDA increased by 44.8% to $212 million. Wingstop opened a record 349 net new restaurants, marking a 15.8% unit growth. In the fourth quarter alone, 105 net new restaurants were opened, contributing to a 10.1% same-store sales growth, with a digital sales mix reaching 70%. Looking ahead to 2025, Wingstop anticipates a global unit growth rate of 14% to 15% and provides guidance for low to mid-single-digit same-store sales growth. The company also outlined its strategic focus on scaling brand awareness, menu innovation, and leveraging digital transformation, aiming to grow average unit volumes (AUVs) to $3 million and expand global units to over 10,000 restaurants.

Record Year Achievements

Wingstop achieved record top and bottom line results in 2024, with 21 consecutive years of same-store sales growth. Domestic same-store sales grew by 19.9%, and system-wide sales increased by 36.8% to $4.8 billion.

Significant Restaurant Expansion

Opened a record 349 net new restaurants, delivering a 15.8% unit growth. The development pipeline is strong with nearly 2,000 restaurant commitments.

Digital and Technological Advancements

Digital sales mix increased to 70%, and the My Wingstop platform was launched, leading to a 30% growth in the digital database to over 50 million customers.

International Growth

Ended the year with 359 international locations and successfully added the eleventh market in the fourth quarter.

Strong Financial Performance

Adjusted EBITDA increased 44.8% to $212 million for the year, with a fourth-quarter increase of 44% to $56.3 million.

Shareholder Returns

Returned nearly $1 billion of capital to shareholders over the past decade, with a total shareholder return of nearly 2,000%.

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Wingstop (WING) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WING Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	0.88 / -	0.98	―	―	―
Feb 19, 2025	2024 (Q4)	0.86 / 0.93	0.64	45.47% (+0.29)	―
Oct 30, 2024	2024 (Q3)	0.96 / 0.88	0.69	27.54% (+0.19)	―
Jul 31, 2024	2024 (Q2)	0.83 / 0.93	0.57	63.16% (+0.36)	―
May 01, 2024	2024 (Q1)	0.77 / 0.98	0.59	66.10% (+0.39)	―
Feb 21, 2024	2023 (Q4)	0.57 / 0.64	0.6	6.67% (+0.04)	―
Nov 01, 2023	2023 (Q3)	0.52 / 0.69	0.45	53.33% (+0.24)	―
Aug 02, 2023	2023 (Q2)	0.51 / 0.57	0.45	26.67% (+0.12)	―
May 03, 2023	2023 (Q1)	0.45 / 0.59	0.34	73.53% (+0.25)	―
Feb 22, 2023	2022 (Q4)	0.41 / 0.60	0.24	150.00% (+0.36)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WING Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$306.02	$265.02	-13.40%
Oct 30, 2024	$368.64	$289.75	-21.40%
Jul 31, 2024	$376.00	$373.32	-0.71%
May 01, 2024	$383.99	$383.18	-0.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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