Wingstop Overview
Wingstop reported FY2025 revenue of $696.9 million, net income of $174.3 million, and system-wide sales of $5.3 billion. Michael Skipworth leads the Addison, Texas company. Wingstop ended FY2025 with 3,056 restaurants, including 470 international franchised restaurants, and digital sales represented 73.2% of Q4 system-wide sales.
How Wingstop Makes Money
Wingstop makes money from franchise royalties, company-owned restaurant sales, advertising fund contributions, franchise fees, supply-chain coordination, and digital ordering. Franchisees bear most store-level food and labor costs, while corporate revenue scales with system-wide sales and new restaurant openings.
Wingstop Financials
Wingstop reported FY2025 revenue of $696.9 million and $174.3 million in net income. Wingstop reported FY2025 revenue of $696.9 million, up 11.4%, and net income of $174.3 million. System-wide sales increased 12.1% to $5.3 billion, while domestic same-store sales declined 3.3% and the company opened 493 net new restaurants.
Competitive Position
Wingstop competes with Buffalo Wild Wings, Popeyes, Chick-fil-A, Raising Cane's, Zaxby's, KFC, regional wing concepts, and delivery-first restaurants. It defends itself by running a small-format, takeout-oriented model with strong digital engagement rather than competing as a full-service sports bar.
