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Dec 28, 2024
Wingstop Q4 2024 Earnings Report
Wingstop reported strong revenue and net income growth in Q4 2024.
Key Takeaways
Wingstop Inc. achieved 27.4% YoY revenue growth in Q4 2024, driven by strong system-wide sales and increased digital sales penetration. Net income surged 42.2%, while adjusted EBITDA rose 44.2%, reflecting operational efficiencies and higher franchise fee revenue.
Total revenue increased 27.4% YoY to $161.82 million.
Net income grew 42.2% YoY to $26.75 million, with EPS at $0.92.
Domestic same-store sales grew 10.1% YoY, supporting strong system-wide sales.
Digital sales accounted for 70.3% of system-wide revenue, reflecting continued digital adoption.
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 expects continued growth in 2025 with a focus on expanding its global footprint and digital engagement.
Positive Outlook
- Expecting low- to mid-single-digit domestic same-store sales growth.
- Global unit growth projected between 14% and 15%.
- SG&A expenses estimated at approximately $140 million.
- Stock-based compensation projected at $26 million.
- Continued investment in digital and operational efficiency.
Challenges Ahead
- Higher SG&A expenses expected due to system implementation costs.
- Stock-based compensation expenses projected to increase.
- Interest expense estimated at $46 million, impacting net income.
- Depreciation and amortization projected between $29 million and $30 million.
- Competitive pressures may impact pricing strategy and margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income