NASDAQ$WING

Wingstop Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Wingstop reported strong revenue and net income growth in Q4 2024.

Wingstop Inc. achieved 27.4% YoY revenue growth in Q4 2024, driven by strong system-wide sales and increased digital sales penetration. Net income surged 42.2%, while adjusted EBITDA rose 44.2%, reflecting operational efficiencies and higher franchise fee revenue.

  • Total revenue increased 27.4% YoY to $161.82 million.
  • Net income grew 42.2% YoY to $26.75 million, with EPS at $0.92.
  • Domestic same-store sales grew 10.1% YoY, supporting strong system-wide sales.
  • Digital sales accounted for 70.3% of system-wide revenue, reflecting continued digital adoption.

Headline financials

Total Revenue

$162M

Previous: $127M+27.4%
EPS (adj)

$0.92

Previous: $0.64+43.8%
Number of system-wide restaurants

2.6K

No prior period
Number of domestic franchise restaurants

2.2K

No prior period
Number of international franchise restaurants

359

No prior period
Domestic AUV

$2.14M

No prior period
Domestic same store sales growth

10.1%

No prior period
Company-owned domestic same store sales growth

3.8%

No prior period
Adjusted EBITDA

$56.3M

No prior period
Capital Expenditures

-$16.4M

Previous: $12.5M-230.4%
Net Income

$26.8M

Previous: $18.8M+42.3%
Operating Income

$41.8M

Previous: $29.8M+40.3%
Gross Profit

$133M

Previous: $61.5M+115.5%

Revenue & EPS history

Wingstop · Revenue · Quarterly

$162M

Q4 2024+27.4%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Wingstop · $117M total across 3 segments · Q3 2023

  • Royalty revenue, franchise fees and other
    $53.2M+31.8%
  • Advertising fees
    $40M+24.3%
  • Company-owned restaurant sales
    $24M+18.8%

Forward guidance

Wingstop expects continued growth in 2025 with a focus on expanding its global footprint and digital engagement.

Tailwinds

  • Expecting low- to mid-single-digit domestic same-store sales growth.
  • Global unit growth projected between 14% and 15%.
  • SG&A expenses estimated at approximately $140 million.
  • Stock-based compensation projected at $26 million.
  • Continued investment in digital and operational efficiency.

Headwinds

  • Higher SG&A expenses expected due to system implementation costs.
  • Stock-based compensation expenses projected to increase.
  • Interest expense estimated at $46 million, impacting net income.
  • Depreciation and amortization projected between $29 million and $30 million.
  • Competitive pressures may impact pricing strategy and margins.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+2.7%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

63%

31 / 49 earnings

Positive

+26.6%

Q2 2022

Best reaction

-22.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-13.0%-9.3%
Q4 2025+10.8%-1.4%-25.4%
Q3 2025+10.8%+11.3%+22.8%
Q1 2025+14.5%+16.8%+48.2%
Q4 2024-13.4%-22.7%-29.6%
Q3 2024-22.0%-19.5%-10.9%
Q2 2024-1.3%-6.4%+2.5%
Q1 2024-0.8%+2.9%-4.2%
Q4 2023+3.0%+7.7%+9.8%
Q3 2023+8.7%+13.0%+32.8%
Q2 2023-1.7%-0.9%-5.7%
Q1 2023+4.1%+3.6%-0.8%
Q4 2022+4.8%+4.2%+10.9%
Q3 2022+17.5%+17.5%+15.3%
Q2 2022+26.6%+24.3%+16.1%
Q1 2022-1.4%-9.4%-12.4%
Q4 2021-1.5%-15.3%-16.7%
Q3 2021-2.6%+1.1%-7.7%
Q2 2021+2.5%+0.5%+1.1%
Q1 2021+6.7%+8.0%-3.7%
Q4 2020-16.0%-20.9%-20.8%
Q3 2020+1.6%+13.7%+8.3%
Q2 2020+19.1%+22.0%+23.6%
Q1 2020+1.7%+4.6%-0.8%
Q4 2019-0.5%-4.2%-44.4%
Q3 2019-0.3%-8.0%-4.4%
Q2 2019-3.2%-1.3%+4.8%
Q1 2019+3.7%+3.6%+16.8%
Q4 2018+0.6%-1.2%+14.8%
Q3 2018-6.7%-7.1%-4.7%
Q2 2018+20.6%+20.6%+36.4%
Q1 2018+10.7%+12.7%+4.1%
Q4 2017-3.0%-0.1%+3.0%
Q3 2017+10.4%+8.7%+17.5%
Q2 2017+5.2%+6.7%+8.9%
Q1 2017+10.7%+5.8%+0.3%
Q4 2016-3.7%-6.8%+4.7%
Q3 2016+1.5%-1.5%+17.6%
Q2 2016+11.6%+16.8%+17.2%
Q1 2015+2.3%
Q1 2016+1.4%
Q4 2013+0.2%
Q1 2014+0.2%
Q4 2015+4.2%
Q3 2014-5.8%
Q3 2015-0.5%
Q2 2014+0.4%
Q4 2014+0.4%
Q2 2015+0.7%

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