Q1 25 EPS
$0.99
BEAT +14.37%
Est. $0.87
Q1 25 Revenue
$171.1M
BEAT +0.09%
Est. $170.9M
vs S&P Since Q1 25
-72.8%
TRAILING MARKET
WING -38.2% vs S&P +34.6%
Market Reaction
Did WING Beat Earnings? Q1 2025 Results
Wingstop served up a stronger-than-expected first quarter, posting adjusted earnings of $0.99 per diluted share against a consensus estimate of $0.87, a 14.37% beat, while revenue of $171.09 million edged past expectations by 0.09% and grew 17.4% yea… Read more Wingstop served up a stronger-than-expected first quarter, posting adjusted earnings of $0.99 per diluted share against a consensus estimate of $0.87, a 14.37% beat, while revenue of $171.09 million edged past expectations by 0.09% and grew 17.4% year-over-year. The headline results were shaped by a significant one-time event: the sale of Wingstop's non-controlling interest in its UK master franchisee generated a $97.20 million gain, propelling GAAP net income to a 221% surge, though the more telling story lies beneath that figure. Operationally, domestic same-store sales growth decelerated sharply to just 0.5%, down from 21.6% a year ago, a reflection of tougher comparisons and a choppy consumer backdrop. Unit growth, however, remained a genuine bright spot, with 126 net new openings nearly doubling the prior-year pace and pushing the global footprint to 2,689 locations. Looking ahead, management trimmed its domestic same-store sales outlook to approximately 1% for 2025, while raising global unit growth guidance to 16%-17%, signaling confidence in expansion even as near-term consumer spending remains difficult to predict.
Key Takeaways
- • Record 126 net new restaurant openings in Q1 2025, nearly doubling the prior year quarter
- • System-wide sales increased 15.7% to $1.3 billion driven by net new franchise development
- • Digital sales increased to 72.0% of system-wide sales
- • Domestic AUV increased to $2.1 million
- • $97.2 million gain on sale of non-controlling interest in Lemon Pepper Holdings (UK master franchisee)
- • Advertising fee contribution rate increased to 5.5% effective Q1 2025
- • Company-owned same-store sales growth of 1.4% driven primarily by transaction increases
WING YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
WING Revenue by Segment
With YoY comparisons, source: SEC Filings
“Despite the challenging and unpredictable macro-environment, our first quarter results demonstrate the staying power of our strategies and resiliency in our model.”
— Michael Skipworth, Q1 2025 Earnings Press Release
WING Earnings Trends
WING vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WING EPS Trend
Earnings per share: estimate vs actual
WING Revenue Trend
Quarterly revenue: estimate vs actual
WING Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.03 | $1.18 | +15.09% | $183.7M | -2.15% |
| Q4 25 BEAT FY | $0.83 | $1.00 | +19.98% | $175.7M | -0.94% |
| FY Full Year | $3.91 | $4.08 | +4.38% | $696.9M | -0.23% |
| Q3 25 BEAT | $0.92 | $1.09 | +18.61% | $175.7M | -5.17% |
| Q2 25 BEAT | $0.87 | $1.00 | +15.11% | $174.3M | +0.46% |
| Q1 25 BEAT | $0.87 | $0.99 | +14.37% | $171.1M | +0.09% |