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Sep 27
Wingstop Q3 2025 Earnings Report
Wingstop reported its fiscal third quarter 2025 financial results, highlighting strong Adjusted EBITDA growth and continued restaurant development.
Key Takeaways
Wingstop delivered robust third-quarter results, with Adjusted EBITDA increasing by 18.6% to a record $63.7 million, driven by strong unit economics and strategic investments. The company opened 114 net new restaurants, contributing to over 19% unit growth year-over-year, and saw total revenue rise to $175.7 million.
Adjusted EBITDA grew by 18.6% to $63.7 million, marking the highest quarter on record.
The company opened 114 net new restaurants, achieving 19.3% net new unit growth compared to the prior year.
Total revenue increased to $175.7 million from $162.5 million in the prior fiscal third quarter.
Net income for the quarter was $28.478 million, with adjusted net income reaching $30.393 million.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Revenue by Segment
Royalty, Franchise Fees & Other Revenue
CapyFin.comAdvertising Fees Revenue
CapyFin.comCompany-Owned Restaurant Sales Revenue
CapyFin.comRevenue by Geographic Location
Total System-Wide Sales Revenue
CapyFin.com Forward Guidance
Wingstop provided updated guidance for fiscal year 2025, reiterating its commitment to global unit growth and managing expenses.
Positive Outlook
- Continued confidence in long-term vision to scale Wingstop to a top 10 global restaurant brand.
- Strong margin performance reinforces development momentum.
- Strategic investments and disciplined execution are expected to drive future growth.
- Commitment to returning value to stockholders through quarterly dividends.
- Ongoing share repurchase program demonstrates confidence in company valuation.
Challenges Ahead
- Domestic same store sales growth is expected to be in the low-single digit range.
- Interest expense, net is projected to be between $35.0 million and $36.0 million, an increase from previous periods.
- Depreciation and amortization are expected to be between $24.0 million and $25.0 million, indicating increased capital expenditures.
- System implementation costs and amortization of capitalized system implementation costs are ongoing expenses.
- Potential for fluctuations in stock-based compensation expense.