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Wingstop has announced an increase in total revenue to $171.1m for the fiscal first quarter (Q1) of 2025, up from $145.8m in the previous year's first quarter.
The company's net income experienced a surge of 221.0%, reaching $92.3m, equating to $3.24 per diluted share.
Adjusted net income and adjusted earnings per diluted share stood at $28.3m, or $0.99 per diluted share, and adjusted EBITDA [earnings before interest, taxation, depreciation and amortisation] grew 18.4% to $59.5m.
The company's royalty revenue, franchise fees and other revenue witnessed a $11.7m increase.
$10.0m portion of this was attributed to net new franchise development, with an additional $0.3m from a 0.5% growth in domestic same-store sales.
Sales from company-owned restaurants rose $1.5m, primarily due to a 1.4% growth in same-store sales, largely driven by an uptick in transactions.
The growth also includes sales from new and acquired company-owned restaurants since the fiscal first quarter of 2024.
Cost of sales also increased to $22.8m from $21.3m, with the percentage of company-owned restaurant sales rising to 76% from 74.5%.
The increase was mainly due to higher costs of bone-in chicken wings, despite being partially offset by sales leverage in other operating expenses.
As of 29 March 2025, Wingstop's global presence had reached 2,689 restaurants. This includes 2,301 outlets in the US, 2,250 franchised and 51 company-owned, and 388 franchised restaurants in international markets, including US territories.
The first quarter also marked the opening of 126 net new Wingstop restaurants system-wide.
Wingstop president and CEO Michael Skipworth stated: "Despite the challenging and unpredictable macro-environment, our first quarter results demonstrate the staying power of our strategies and resiliency in our model.
“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."
"Wingstop reports rise in revenue to $171.1m for Q1 2025" was originally created and published by Verdict Food Service, a GlobalData owned brand.
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