Business
Wingstop Inc. Reports Fiscal First Quarter Financial Results
Record 126 Net New Openings in First Quarter, 18.0% Net New Unit Growth DALLAS, April 30, 2025 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company")
About this update from Wingstop Inc.
[{"type":"text","content":"Record 126 Net New Openings in First Quarter, 18.0% Net New Unit Growth\nDALLAS, April 30, 2025 /PRNewswire/ -- Wingstop Inc. (\"Wingstop\" or the \"Company\") (NASDAQ: WING) today announced financial results for the fiscal first quarter ended March 29, 2025.\n\n \n \n \n \n \n \n\n \nHighlights for the fiscal first quarter 2025 compared to the fiscal first quarter 2024:\nSystem-wide sales increased 15.7% to $1.3 billion126 net new openings in the fiscal first quarter 2025Domestic restaurant AUV increased to $2.1 millionDomestic same store sales increased 0.5%Digital sales increased to 72.0% of system-wide salesTotal revenue increased 17.4% to $171.1 millionNet income increased 221.0% to $92.3 million, or $3.24 per diluted shareAdjusted net income and adjusted earnings per diluted share, both non-GAAP measures, were $28.3 million, or $0.99 per diluted shareAdjusted EBITDA, a non-GAAP measure, increased 18.4% to $59.5 millionAdjusted EBITDA, adjusted net income, and adjusted earnings per diluted share are non-GAAP measures. A reconciliation of each of adjusted EBITDA, adjusted net income, and adjusted earnings per diluted share to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States (\"GAAP\") is set forth in the schedule accompanying this release. See \"Non-GAAP Financial Measures.\"\n\"Despite the challenging and unpredictable macro-environment, our first quarter results demonstrate the staying power of our strategies and resiliency in our model,\" said Michael Skipworth, President & Chief Executive Officer. \"We opened a record 126 net new units in the first quarter, delivering 18% unit growth, nearly doubling the number of units opened during the first quarter last year. Our pipeline remains strong as our brand partners are experiencing industry leading returns. This growth is leading us to another record-breaking year of development and moving us along our path of becoming a Top 10 Global Restaurant Brand.\"\nKey operating metrics for the fiscal first quarter 2025 compared to the fiscal first quarter 2024:\nThirteen Weeks Ended\nMarch 29, 2025\nMarch 30, 2024\nNumber of system-wide restaurants open at end of period\n2,689\n2,279\nNumber of domestic franchise restaurants open at end of period\n2,250\n1,924\nNumber of international franchise r...