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Mar 29
Wingstop Q1 2025 Earnings Report
reported fiscal first quarter 2025 financial results
Key Takeaways
Wingstop reported strong results for the first quarter of fiscal year 2025, with significant increases in net income and total revenue compared to the prior year. The company also achieved record net new unit openings and strong system-wide sales growth.
Net income increased significantly to $92.3 million in Q1 2025 from $28.7 million in Q1 2024.
Total revenue grew to $171.1 million in Q1 2025, up from $145.8 million in the prior year.
Wingstop opened a record 126 net new units in Q1 2025, representing 18.0% net new unit growth.
System-wide sales increased to $1.3 billion in Q1 2025 from $1.1 billion in Q1 2024.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Revenue by Segment
Royalties & Fees Revenue
CapyFin.comAdvertising Fees Revenue
CapyFin.comCompany Restaurant Sales Revenue
CapyFin.comRevenue by Geographic Location
System-wide Sales Revenue
CapyFin.com Forward Guidance
Wingstop provided updated guidance for fiscal year 2025, anticipating another record-breaking year of development and continued progress towards becoming a Top 10 Global Restaurant Brand.
Positive Outlook
- Strong pipeline for new unit development.
- Brand partners are experiencing industry leading returns.
- Anticipating a record-breaking year of development.
- Continued progress towards becoming a Top 10 Global Restaurant Brand.
- Authorization and declaration of a quarterly dividend.
Challenges Ahead
- Outlook is dependent on the challenging and unpredictable macro-environment.
- High levels of uncertainty in the current macro-environment.
- Cost of sales increased as a percentage of company-owned restaurant sales.
- Increase in the cost of bone-in chicken wings.
- Increase in Selling, General and Administrative expense due to headcount and system implementation costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income