Wingstop Inc. reported significant financial performance for the thirteen weeks ended March 29, 2025, with total revenue reaching $171.1 million, a 17.4% increase from $145.8 million in the same period last year. The company's net income surged to $92.3 million, or $3.24 per diluted share, reflecting a 221% increase compared to $28.7 million, or $0.98 per diluted share, in the prior year. This growth was driven by a combination of increased royalty revenue, franchise fees, and company-owned restaurant sales, which collectively rose by $25.3 million.
The company experienced notable changes in its operational metrics, including a 15.7% increase in system-wide sales, which totaled approximately $1.3 billion. Wingstop opened 126 new restaurants during the fiscal first quarter, contributing to a total of 2,689 system-wide locations, of which 98% are franchised. Domestic average unit volume (AUV) also improved, reaching $2.1 million, while digital sales accounted for 72% of system-wide sales, indicating a strong shift towards online engagement.
Operationally, Wingstop's advertising expenses increased by 23.7% to $65.8 million, reflecting the company's commitment to enhancing brand visibility and customer engagement. The company also reported a loss on the disposal of assets amounting to $6.5 million, primarily related to the sale of an office building. Additionally, the company’s selling, general, and administrative expenses rose to $31.4 million, driven by increased headcount and system implementation costs.
In terms of strategic developments, Wingstop's Board of Directors declared a quarterly dividend of $0.27 per share, totaling approximately $7.6 million during the first quarter. The company also continued its share repurchase program, repurchasing 830,012 shares at an average price of $257.40 per share, with $191.3 million remaining under the program. Looking ahead, Wingstop anticipates that cash flows from operations, combined with its financing facilities, will be sufficient to meet its capital expenditure and debt service requirements for the foreseeable future. The company remains focused on expanding its footprint and enhancing its digital sales capabilities to drive future growth.
About Wingstop Inc.
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