Wingstop Q3 system-wide sales rise 10%, helped by new restaurants

Wingstop

04/11/2025 12:38

Overview

Wingstop fiscal Q3 system-wide sales rise 10% to $1.4 bln

Adjusted EBITDA for fiscal Q3 grows 18.6% to $63.7 mln, highest quarter on record

Company opened 114 net new restaurants, achieving 19.3% net new unit growth

Outlook

Wingstop revises 2025 domestic same store sales growth to decline 3%-4%

Company expects 475 to 485 global net new units in 2025

Wingstop forecasts 2025 SG&A expenses between $131 mln and $132 mln

Result Drivers

NEW OPENINGS - Wingstop opened 114 net new restaurants, contributing to 19.3% net new unit growth

COST MANAGEMENT - Decrease in cost of sales percentage driven by lower food costs and operational efficiencies

DIGITAL SALES - Increase in digital sales to 72.8% of system-wide sales supported revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 System-Wide Sales
$1.35 bln
Q3 EPS
$1.02
Q3 Adjusted Net Income
$30.39 mln
Q3 Net Income
$28.47 mln
Q3 Adjusted EBITDA
$63.65 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for Wingstop Inc is $357.50, about 40.1% above its November 3 closing price of $214.07

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 81 three months ago

Press Release: ID:nPn1bWgKja

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)