DALLAS, Nov. 26, 2025 /PRNewswire/ — Wingstop (NASDAQ: WING) today announced the opening of its 3,000^th restaurant globally – a significant milestone as the brand accelerates toward its vision of becoming a Top 10 Global Restaurant Brand with more than 10,000 restaurants worldwide.

Wingstop reached this milestone at a record pace, opening nearly 800 restaurants and expanding its global footprint by 50% in just two years. During this time, Wingstop entered six new markets: Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia and The Netherlands. Wingstop now operates in 47 U.S. states and 15 countries, and expects to soon open in Thailand, Italy and Ireland as the brand scales toward its bold long-term growth goals.

“With a record pipeline of sold restaurant commitments, Wingstop shows no sign of slowing down,” said Wingstop’s President & CEO, Michael Skipworth. “We’ve scaled from 2,000 to 3,000 restaurants in just over two years, with proven runway in our domestic and international businesses. This milestone demonstrates the strength of our brand, the whitespace ahead and the global craving for Wingstop’s bold flavor.”

Wingstop’s development momentum continues to be fueled by industry leading cash-on-cash returns and strong interest from existing franchisees, with more than 70 brand partners expanding their Wingstop footprint in the last quarter alone.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 3,000 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-opens-3-000th-restaurant-showcasing-strength-in-development-302626387.html

SOURCE Wingstop Restaurants Inc.

Newest Wingstop Drop is made for friendsgiving tables to game day parties

DALLAS, Nov. 13, 2025 /PRNewswire/ — While everyone else goes pumpkin and peppermint, Wingstop (NASDAQ: WING) is shaking things up with a bold limited-time flavor inspired by a spicy margarita. Now available nationwide, Fiery Lime* is a crave worthy combination of red chili heat and tangy lime zest that channels the punch of the cocktail classic.

Forget the dry turkey and egg nog, Wingstop is here with Fiery Lime – made for fans who want something bold, fiery and unexpected. Whether it’s friendsgiving, a watch party or the pregame before a night out, Wingstop brings the heat that transforms any gathering into the moment. Fiery Lime reminds fans that Wingstop doesn’t follow seasonal rules, it re-writes them.

“Fiery Lime was born from spicy margs that are all the rage, featuring the lime and chili kick that keeps you coming back,” said Chef Larry Bellah, Wingstop’s Head of Culinary and R&D. “My personal take for the ultimate flavor experience? Order Fiery Lime to be sauced-and-tossed on our classic wings, with a side of ranch, and wash it down with a spicy marg. My friend Alan has a pro tip to use lots of lime and add a side of Fiery Lime sauce to your order and rim your glass to take it to the next level.”

Alan Ruesga-Pelayo, Teremana® Tequila’s Global Brand Ambassador, agrees that this combo brings the heat. “At Teremana®, we’re all about bringing people together over great flavor. Our Reposado is crafted from 100% Blue Weber agave and aged to perfection for a smooth, rich finish – and Wingstop’s Fiery Lime is the perfect match for our spicy margarita, turning this season up a notch.”

An iconic Teremana® Tequila spicy margarita recipe for your crew (serving 8-10) includes:

• 2 cups Teremana® Reposado
• ¾ cup lime juice
• ½ cup agave nectar
• 2 jalapeňos (sliced & seeded)
• A glass rimmed with Wingstop’s Fiery Lime flavor

Directions: Muddle jalapeños in a pitcher. Combine Teremana®, lime juice and agave in the pitcher with ice and stir. Strain and pour into Wingstop’s Fiery Lime flavor-rimmed rocks glasses over fresh ice. Garnish each glass with jalapeño slices.

Fiery Lime is available now for a limited time at Wingstop locations nationwide and through the Wingstop app and Wingstop.com.

*See Wingstop.com/Offers for full details.
** Registered trademark owned by Siete Bucks Spirits LLC.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,900 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

About Teremana® Tequila
Teremana® is a premium, small-batch tequila founded by Dwayne Johnson, Jenna Fagnan, Ken Austin and Dany Garcia. Crafted under the brand’s unique NOM, 1613 at Destilería Teremana® De Agave nestled in the highest peaks of the Jalisco highlands, Teremana® offers three distinct expressions – Blanco, Reposado, and Añejo. Each bottle is meticulously crafted from 100% fully mature agave, slow roasted in traditional brick ovens, and distilled in handmade copper pot stills. Rooted in the principles of quality and accessibility, Teremana® embodies the spirit of Mana, a powerful force that inspires us to foster good energy, bring people together, and do the right thing.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-sets-fall-on-fire-with-spicy-marg-inspired-fiery-lime-flavor-302614594.html

SOURCE Wingstop Restaurants Inc.

Record 114 Net New Openings in Third Quarter, 19.3% Net New Unit Growth

Adjusted EBITDA Growth of 18.6% to $63.7 million, Highest Quarter on Record

DALLAS, Nov. 4, 2025 /PRNewswire/ — Wingstop Inc. (“Wingstop” or the “Company”) (NASDAQ: WING) today announced financial results for the fiscal third quarter ended September 27, 2025.

Highlights for the fiscal third quarter 2025 compared to the fiscal third quarter 2024:

• System-wide sales increased 10.0% to $1.4 billion
• 114 net new openings in the fiscal third quarter 2025
• Domestic restaurant AUV of $2.1 million
• Domestic same store sales decreased 5.6%
• Digital sales increased to 72.8% of system-wide sales
• Total revenue increased 8.1% to $175.7 million
• Net income increased 10.7% to $28.5 million, or $1.02 per diluted share
• Adjusted net income and adjusted earnings per diluted share, both non-GAAP measures, increased 15.6% to $30.4 million, or $1.09 per diluted share
• Adjusted EBITDA, a non-GAAP measure, increased 18.6% to $63.7 million

Adjusted EBITDA, adjusted net income, and adjusted earnings per diluted share are non-GAAP measures. A reconciliation of each of adjusted EBITDA, adjusted net income, and adjusted earnings per diluted share to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States (“GAAP”) is set forth in the schedule accompanying this release. See “Non-GAAP Financial Measures.”

“Our third quarter results highlight the strength and resiliency of our business model delivering 18.6% Adjusted EBITDA growth – supported by best-in-class unit economics, strategic investments, disciplined execution, and enthusiasm from our brand partners to open more Wingstops,” said Michael Skipworth, President & Chief Executive Officer. “We opened 114 net new restaurants in the quarter, which translated to more than 19% unit growth vs prior year. Our sustained development momentum in 2025, coupled with strong margin performance, reinforces our confidence in our long-term vision to scale Wingstop to a top 10 global restaurant brand.”

Key operating metrics for the fiscal third quarter 2025 compared to the fiscal third quarter 2024:

Fiscal third quarter 2025 financial results

Total revenue for the fiscal third quarter 2025 increased to $175.7 million from $162.5 million in the prior fiscal third quarter. Royalty revenue, franchise fees and other increased $6.8 million, of which $10.6 million was due to net new franchise development, partially offset by a decrease of $3.6 million due to a 5.6% decline in domestic same store sales. Advertising fees increased $5.3 million due to a 10.0% increase in system-wide sales in the fiscal third quarter 2025, as well as an increase in the national advertising fund contribution rate to 5.5% from 5.3%, effective the first day of the fiscal first quarter 2025. Company-owned restaurant sales increased $1.2 million due to company-owned restaurant same store sales growth of 3.8%, driven primarily by an increase in transactions.

Cost of sales was $24.3 million compared to $24.4 million in the prior fiscal third quarter. As a percentage of company-owned restaurant sales, cost of sales decreased to 74.8% from 77.8% in the prior fiscal third quarter. The decrease as a percentage of company-owned restaurant sales was primarily driven by sales leverage on other operating expenses, as well as a decline in food, beverage and packaging costs primarily resulting from a decrease in the cost of bone-in chicken wings as compared to the prior fiscal third quarter.

Selling, general & administrative (“SG&A”) expense decreased $1.6 million to $30.7 million from $32.3 million in the prior fiscal third quarter. The decrease in SG&A expense was driven by a decrease in headcount related expenses, inclusive of short-term incentive and stock-based compensation, of $3.2 million, partially offset by system implementation costs of $2.1 million during the fiscal third quarter 2025.

Depreciation and amortization increased $1.2 million to $6.2 million from $5.1 million in the prior fiscal third quarter. The increase in depreciation and amortization was primarily due to capital expenditures related to our technology investments.

Interest expense, net increased $4.1 million to $9.2 million from $5.1 million in the prior fiscal third quarter. The increase was primarily driven by $7.3 million in interest expense related to the securitized financing transaction completed on December 3, 2024 to support our return of capital strategy, which increased our outstanding debt by $500 million, partially offset by additional interest income earned on our investments, as compared to the prior year period.

Financial Outlook

The Company is providing updated guidance for 2025:

• Approximately 3% to 4% decline for domestic same store sales growth, previously approximately 1% domestic same store sales growth;
• 475 to 485 global net new units, previously 17% to 18% global unit growth;
• SG&A of between $131 and $132 million, which includes system implementation costs of approximately $4.5 million, previously approximately $140 million;
• Depreciation and amortization of approximately $26 million, previously between $28 and $29 million
• Interest expense, net of approximately $37.5 million, previously $39 million.

Additionally, the Company is reiterating the following guidance for 2025:

• Stock-based compensation expense of approximately $26 million.

Restaurant Development

As of September 27, 2025, there were 2,932 Wingstop restaurants system-wide. This included 2,505 restaurants in the United States, of which 2,450 were franchised restaurants and 55 were company-owned, and 427 franchised restaurants were in international markets, including U.S. territories. During the fiscal third quarter 2025, there were 114 net system-wide Wingstop restaurant openings.

Quarterly Dividend

In recognition of the Company’s strong cash flow generation and our commitment to returning value to stockholders, on November 3, 2025, our board of directors authorized and declared a quarterly dividend of $0.30 per share of common stock, resulting in a total dividend of approximately $8.3 million. This dividend will be paid on December 12, 2025 to stockholders of record as of November 21, 2025.

Share Repurchase

During the fiscal third quarter of 2025, the Company repurchased and retired 140,103 shares of its common stock at an average price of $285.26 per share. As of September 29, 2025, $151.3 million remained available under the share repurchase program previously approved by the Company’s Board of Directors.

Since the inception of the Company’s share repurchase program in August 2023, the Company has repurchased and retired 2,336,871 shares of its common stock at an average price of $260.45 per share.

The following definitions apply to these terms as used in this release:

Domestic average unit volume (“AUV”) consists of the average annual sales of all restaurants that have been open for a trailing 52-week period or longer. This measure is calculated by dividing sales during the applicable period for all restaurants being measured by the number of restaurants being measured. Domestic AUV includes revenue from both company-owned and franchised restaurants. Domestic AUV allows management to assess our domestic company-owned and franchised restaurant economics. Changes in domestic AUV are primarily driven by increases in same store sales and are also influenced by opening new restaurants.

Domestic same store sales reflects the change in year-over-year sales for the same store restaurant base. We define the same store restaurant base to include those restaurants open for at least 52 full weeks. This measure highlights the performance of existing restaurants, while excluding the impact of new restaurant openings and permanent closures. We review same store sales for domestic company-owned restaurants as well as system-wide domestic restaurants. Domestic same store sales growth is driven by increases in transactions and average transaction size. Transaction size increases are driven by price increases or favorable mix shift from either an increase in items purchased or shifts into higher priced items.

System-wide sales represents net sales for all of our company-owned and franchised restaurants, as reported by franchisees. This measure allows management to better assess changes in our royalty revenue, our overall store performance, the health of our brand and the strength of our market position relative to competitors. Our system-wide sales growth is driven by new restaurant openings as well as increases in same store sales.

Adjusted EBITDA is defined as net income before interest expense, net, income tax expense (benefit), and depreciation and amortization (EBITDA), further adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, and stock-based compensation expense.

Adjusted net income is defined as net income adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, and related tax adjustments.

Adjusted earnings per diluted share is defined as adjusted net income divided by weighted average diluted share count.

We caution investors that amounts presented in accordance with our definitions above may not be comparable to similar measures disclosed by our competitors because not all companies and analysts calculate certain non-GAAP measurements in the same manner.

Conference Call and Webcast

The Company will host a conference call today to discuss the fiscal third quarter 2025 financial results at 10:00 AM Eastern Time. The conference call can be joined telephonically by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 (international), then entering the replay code 4543631. The replay will be available through Tuesday, November 11, 2025.

The conference call will also be webcast live and later archived on the investor relations section of Wingstop’s corporate website at ir.wingstop.com under the ‘News & Events’ section.

About Wingstop

Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,900 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use non-GAAP financial measures, including those indicated above. By providing non-GAAP financial measures, together with a reconciliation to the most comparable GAAP measure, we believe we are enhancing investors’ understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. These measures are not intended to be considered in isolation or as substitutes for, or superior to, financial measures prepared and presented in accordance with GAAP. The non-GAAP measures used in this press release may be different from the measures used by other companies. A reconciliation of each measure to the most directly comparable GAAP measure is available in this news release. In addition, the Current Report on Form 8-K furnished to the Securities and Exchange Commission (the “SEC”) concurrent with the issuance of this press release includes a more detailed description of each of these non-GAAP financial measures, together with a discussion of the usefulness and purpose of such measures.

Forward-looking Statements

This news release includes statements of our expectations, intentions, plans and beliefs that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of our business strategies and our expectations concerning future operations, margins, profitability, trends, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “may,” “will,” “should,” “expect,” “intend,” “plan,” “outlook,” “guidance,” “anticipate,” “believe,” “think,” “estimate,” “seek,” “predict,” “can,” “could,” “project,” “potential” or, in each case, their negative or other variations or comparable terminology, although not all forward-looking statements are accompanied by such terms. Examples of forward-looking statements in this news release include, but are not limited to, our 2025 fiscal year outlook for domestic same store sales growth, global unit growth, SG&A expense, stock-based compensation expense, interest expense, net and depreciation and amortization. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks, and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward-looking statements. Please refer to the risk factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be found at the SEC’s website www.sec.gov. The discussion of these risks is specifically incorporated by reference into this news release.

When considering forward-looking statements in this news release or that we make in other reports or statements, you should keep in mind the cautionary statements in this news release and future reports we file with the SEC. New risks and uncertainties arise from time to time, and we cannot predict when they may arise or how they may affect us. Any forward-looking statement in this news release speaks only as of the date on which it was made. Except as required by law, we assume no obligation to update or revise any forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

Media Contact
Maddie Lupori
Media@wingstop.com

Investor Contact
Sarah Niehaus
IR@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-inc-reports-fiscal-third-quarter-financial-results-302604020.html

SOURCE Wingstop Restaurants Inc.

DALLAS, Sept. 30, 2025 /PRNewswire/ — Wingstop Inc. (NASDAQ: WING) today announced that it will host a conference call and webcast to discuss its fiscal third quarter 2025 financial results on Tuesday, November 4, 2025 at 10:00 a.m. ET.

A press release with fiscal third quarter 2025 financial results will be issued before the market opens that morning.

The conference call can be joined telephonically by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 (international), then entering the replay code 4543631. The replay will be available through Tuesday, November 11, 2025.

The conference call will also be webcast live and later archived on the investor relations section of Wingstop’s corporate website at ir.wingstop.com under the ‘News & Events’ section. The webcast can also be accessed directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=T3YOBnQb.

About Wingstop

Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Media Contact
Maddie Lupori
Media@wingstop.com

Investor Contact
Sarah Niehaus
IR@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-inc-to-announce-fiscal-third-quarter-2025-financial-results-on-november-4-2025-302570073.html

SOURCE Wingstop Restaurants Inc.

DALLAS, Sept. 3, 2025 /PRNewswire/ — Wingstop (NASDAQ: WING) is taking game day to the next level with its latest Wingstop Drop: Smoky Chipotle Rub*, the newest LTO flavor. Starting today, Sept. 3 – just in time for kickoff – fans can lock in bold flavor, when ordering their game day wings.

Inspired by the classic smoky BBQ taste with a kick of fire-roasted peppers, Smoky Chipotle Rub packs a punch. With hints of honey and paprika, the craveable dry rub hits on wings for both sweet and savory fans.

“Football is here, and so is Wingstop, ready to satisfy all gameday cravings,” said Mark Christenson, Wingstop’s Chief Revenue Officer. “Just in time for the first full weekend of football, our new Smoky Chipotle Rub brings bold, distinctive flavor for a guaranteed win …. because gameday isn’t complete without Wingstop.”

Rookie QB and OG Wingstop fan Cam Ward got a first taste of the flavor ahead of his regular season debut this week saying, “That’s the play right there. You know Lemon Pepper is my can’t beat, but Smoky Chipotle Rub that’s major.”

Fans can try Smoky Chipotle Rub starting today, Sept. 3 – available for a limited time. 

*See Wingstop.com/Offers for full details.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on TikTok, Instagram, X and Facebook.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-drops-smoky-chipotle-rub-bringing-all-new-flavor-to-season-opener-302545241.html

SOURCE Wingstop Restaurants Inc.

DALLAS, Aug. 27, 2025 /PRNewswire/ — Wingstop (NASDAQ: WING) is bringing the flavor this football season with its latest Wingstop Drop – Cam Ward’s #1 Picks*, available nationwide beginning today. Rookie quarterback and #1 draft pick Cam Ward has built his go-to lineup of four bold flavors, so fans can order just like him for gameday.

Cam Ward’s #1 Picks are fit for all wing cravings – classic and boneless – with 20 wings; large, seasoned fries; and 2 ranch dips – feeding the whole gameday crew, at a great value. To run Cam’s play exactly, fans can select:

• 5 Lemon Pepper classic wings
• 5 Hot Honey Rub classic wings
• 5 Mango Habanero boneless wings
• 5 Hickory Smoked BBQ boneless wings

“I’m always craving Wingstop,” said Cam Ward. “Lemon Pepper has been my day-one flavor, but the rest of the flavors? You can’t miss! I can’t pick just one, so my order has the best of both – classic and boneless wings – and all my favorite flavors. You best believe I’ll be ordering from Wingstop to fuel up for my big debut.”

Cam Ward’s #1 Picks are one of three Ultimate Meal Deals that Wingstop debuted for the football season – whether fans are craving classic, boneless or both – starting at just $17.99 for wings, sides and dips.

“Nothing fuels football season like Wingstop, and Wingstop is here to dominate game day,” said Wingstop’s Chief Revenue Officer, Mark Christenson. “There’s nothing worse than calling the wrong play when you’re hosting, but Wingstop’s new Ultimate Meal Deals are a guaranteed win – bringing the flavor that never misses.”

Cam Ward’s #1 Picks and the other Wingstop Ultimate Meal Deals are available to order starting today, August 27, at Wingstop.com or through the Wingstop app for a limited time.

*See Wingstop.com/Offers for full details.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on TikTok, Instagram, X and Facebook.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-teams-up-with-1-draft-pick-cam-ward-for-football-season-302539986.html

SOURCE Wingstop Restaurants Inc.

Double the tenders, double the flavor

DALLAS, Aug. 18, 2025 /PRNewswire/ — Wingstop (NASDAQ: WING) is doubling down on flavor with the next Wingstop Drop – and this time, it is all about tenders. Starting today, August 18, through Sunday, August 24, fans can score Wingstop’s newest menu innovation (and more of it) with Buy-One-Get-One free 4-piece tenders*.

That’s 8 tenders – hand sauced-and-tossed in any 12 bold, distinctive flavors to choose from.

“Tenders are having a moment. But Wingstop tenders are the best there are,” said Wingstop’s Chief Revenue Officer, Mark Christenson. “The response has been incredible, and we’re giving fans more of the tenders they’re craving with BOGO tenders all week long as their fantasy drafts close and preseason matchups intensify.”

Fans can claim their BOGO free 4-piece tenders with promo code BOGOTENDERS when they add an a la carte 4-piece tender to their order at Wingstop.com or in the Wingstop app – now, for a limited time.

For the latest on Wingstop Drops, fans can follow @Wingstop on TikTok, Instagram, X and Facebook.

*See Wingstop.com/Offers for full details.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on TikTok, Instagram, X and Facebook.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-reveals-next-drop-bogo-chicken-tenders-302532241.html

SOURCE Wingstop Restaurants Inc.

Don’t miss out on what Wingstop is dropping next

DALLAS, Aug. 13, 2025 /PRNewswire/ — From sneaker drops to surprise albums to pop up shops, drop culture runs on hype and heat. And now, Wingstop (NASDAQ: WING) is getting in on the drop action, bringing that same anticipation and craveability to the world of flavor, launching Wingstop Drop – a series giving fans access to irresistible offers, flavors, merch collabs and limited-run releases that fans are craving.

Each drop is a new reason for our fans to pull up – debuting each week through the start of football season for flavor that only Wingstop can deliver. The first Wingstop Drop? Buy-One-Get-One free chicken sandwiches* now through Sunday, August 17, with Wingstop challenging guests to try all 12 bold flavors on the Wingstop chicken sandwich. Fans won’t want to miss the next drop, and Wingstop promises to bring the heat.

“Wingstop Drop is our way of bringing drop culture into our world of flavor,” said Wingstop’s Chief Revenue Officer, Mark Christenson. “It’s made for the trend setters – the flavor cravers, the culture creators and the fans who know what’s hot and want it first. Summer is almost over, but Wingstop is bringing nothing but heat for the start of football season, starting strong with BOGO chicken sandwiches, and setting the tone for what’s to come: bold, can’t-miss moments.”

Fans can claim their BOGO free chicken sandwich with promo code BOGOSAMMY when they add an a la carte sandwich or sandwich combo on Wingstop.com or the Wingstop app – but only for a limited time.

To be the first to know on all Wingstop Drops to come, fans can follow @Wingstop on TikTok, Instagram, X and Facebook.

*See Wingstop.com/Offers for full details.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on TikTok, Instagram, X and Facebook.

Media Contact
Maddie Lupori
media@wingstop.com

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SOURCE Wingstop Restaurants Inc.

Record 129 Net New Openings in Second Quarter, 19.8% Net New Unit Growth

DALLAS, July 30, 2025 /PRNewswire/ — Wingstop Inc. (“Wingstop” or the “Company”) (NASDAQ: WING) today announced financial results for the fiscal second quarter ended June 28, 2025.

Highlights for the fiscal second quarter 2025 compared to the fiscal second quarter 2024:

• System-wide sales increased 13.9% to $1.3 billion
• 129 net new openings in the fiscal second quarter 2025
• Domestic restaurant AUV increased to $2.1 million
• Domestic same store sales decreased 1.9%
• Digital sales increased to 72.2% of system-wide sales
• Total revenue increased 12.0% to $174.3 million
• Net income decreased 2.6% to $26.8 million, or $0.96 per diluted share
• Adjusted net income and adjusted earnings per diluted share, both non-GAAP measures, increased 1.6% to $27.9 million, or $1.00 per diluted share
• Adjusted EBITDA, a non-GAAP measure, increased 14.3% to $59.2 million

Adjusted EBITDA, adjusted net income, and adjusted earnings per diluted share are non-GAAP measures. A reconciliation of each of adjusted EBITDA, adjusted net income, and adjusted earnings per diluted share to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States (“GAAP”) is set forth in the schedule accompanying this release. See “Non-GAAP Financial Measures.”

“Our second quarter results showcase the strength of our unit economics and returns our brand partners are seeing for their businesses,” said Michael Skipworth, President & Chief Executive Officer. “Our momentum in development continued in the second quarter, opening 129 net new units, delivering 19.8% unit growth, which marked our fourth consecutive quarter of opening more than 100 net new units. We continue to open new restaurants at a record pace, demonstrating our brand partners’ commitment to growing the Wingstop brand, furthering us towards our vision of becoming a Top 10 Global Restaurant Brand.”

Key operating metrics for the fiscal second quarter 2025 compared to the fiscal second quarter 2024:

Fiscal second quarter 2025 financial results

Total revenue for the fiscal second quarter 2025 increased to $174.3 million from $155.7 million in the prior fiscal second quarter. Royalty revenue, franchise fees and other increased $8.7 million, of which $9.8 million was due to net new franchise development, partially offset by a decrease of $1.4 million due to a 1.9% decline in domestic same store sales. Advertising fees increased $7.3 million due to a 13.9% increase in system-wide sales in the fiscal second quarter 2025, as well as an increase in the national advertising fund contribution rate to 5.5% from 5.3%, effective the first day of the fiscal first quarter 2025. Company-owned restaurant sales increased $2.6 million due to company-owned restaurant same store sales growth of 3.6%, driven primarily by an increase in transactions, as well as company-owned restaurants opened and acquired since the prior fiscal second quarter.

Cost of sales was $24.4 million compared to $22.7 million in the prior fiscal second quarter. As a percentage of company-owned restaurant sales, cost of sales decreased to 75.2% from 75.9% in the prior fiscal second quarter. The decrease was primarily driven by sales leverage on labor and other operating expenses.

Selling, general & administrative (“SG&A”) expense increased $4.8 million to $32.9 million from $28.1 million in the prior fiscal second quarter. The increase in SG&A expense was driven by an increase in headcount related expenses, inclusive of stock-based compensation, of $3.8 million to support the growth in our business, and system implementation costs of $1.5 million during the fiscal second quarter 2025, partially offset by a decrease of $2.0 million in professional and other fees.

Depreciation and amortization increased $1.1 million to $6.2 million from $5.2 million in the prior fiscal second quarter. The increase in depreciation and amortization was primarily due to capital expenditures related to our technology investments.

Interest expense, net increased $3.3 million to $8.5 million from $5.2 million in the prior fiscal second quarter. The increase was primarily driven by $7.3 million in interest expense related to the securitized financing transaction completed on December 3, 2024, which increased our outstanding debt by $500 million, partially offset by additional interest income earned on our cash balances and interest earned on our investments, as compared to the prior year period.

Financial Outlook

The Company is providing updated guidance for 2025:

• Global unit growth rate of 17% to 18%, previously 16% to 17%, and;
• Interest expense, net of approximately $39 million, previously $40 million.

Additionally, the Company is reiterating the following guidance for 2025:

• Approximately 1% domestic same store sales growth;
• SG&A of approximately $140 million, which includes system implementation costs of approximately $4.5 million;
• Stock-based compensation expense of approximately $26 million, and;
• Depreciation and amortization of between $28 and $29 million.

Restaurant Development

As of June 28, 2025, there were 2,818 Wingstop restaurants system-wide. This included 2,411 restaurants in the United States, of which 2,357 were franchised restaurants and 54 were company-owned, and 407 franchised restaurants were in international markets, including U.S. territories. During the fiscal second quarter 2025, there were 129 net system-wide Wingstop restaurant openings.

Quarterly Dividend

In recognition of the Company’s strong cash flow generation and our commitment to returning value to stockholders, on July 29, 2025, our board of directors approved an increase in the quarterly dividend payable to Wingstop stockholders from $0.27 to $0.30 per share of common stock, resulting in a total dividend of approximately $8.4 million. This dividend will be paid on September 5, 2025 to stockholders of record as of August 15, 2025.

The following definitions apply to these terms as used in this release:

Domestic average unit volume (“AUV”) consists of the average annual sales of all restaurants that have been open for a trailing 52-week period or longer. This measure is calculated by dividing sales during the applicable period for all restaurants being measured by the number of restaurants being measured. Domestic AUV includes revenue from both company-owned and franchised restaurants. Domestic AUV allows management to assess our domestic company-owned and franchised restaurant economics. Changes in domestic AUV are primarily driven by increases in same store sales and are also influenced by opening new restaurants.

Domestic same store sales reflects the change in year-over-year sales for the same store restaurant base. We define the same store restaurant base to include those restaurants open for at least 52 full weeks. This measure highlights the performance of existing restaurants, while excluding the impact of new restaurant openings and permanent closures. We review same store sales for domestic company-owned restaurants as well as system-wide domestic restaurants. Domestic same store sales growth is driven by increases in transactions and average transaction size. Transaction size increases are driven by price increases or favorable mix shift from either an increase in items purchased or shifts into higher priced items.

System-wide sales represents net sales for all of our company-owned and franchised restaurants, as reported by franchisees. This measure allows management to better assess changes in our royalty revenue, our overall store performance, the health of our brand and the strength of our market position relative to competitors. Our system-wide sales growth is driven by new restaurant openings as well as increases in same store sales.

Adjusted EBITDA is defined as net income before interest expense, net, income tax expense (benefit), and depreciation and amortization (EBITDA), further adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, and stock-based compensation expense.

Adjusted net income is defined as net income adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, and related tax adjustments.

Adjusted earnings per diluted share is defined as adjusted net income divided by weighted average diluted share count.

We caution investors that amounts presented in accordance with our definitions above may not be comparable to similar measures disclosed by our competitors because not all companies and analysts calculate certain non-GAAP measurements in the same manner.

Conference Call and Webcast

The Company will host a conference call today to discuss the fiscal second quarter 2025 financial results at 10:00 AM Eastern Time. The conference call can be joined telephonically by dialing 1-877-259-5243 or 1-412-317-5176 (international) and asking for the Wingstop conference call. A replay will be available two hours after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 (international), then entering the replay code 5505341. The replay will be available through Wednesday, August 6, 2025.

The conference call will also be webcast live and later archived on the investor relations section of Wingstop’s corporate website at ir.wingstop.com under the ‘News & Events’ section.

About Wingstop

Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,800 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use non-GAAP financial measures, including those indicated above. By providing non-GAAP financial measures, together with a reconciliation to the most comparable GAAP measure, we believe we are enhancing investors’ understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. These measures are not intended to be considered in isolation or as substitutes for, or superior to, financial measures prepared and presented in accordance with GAAP. The non-GAAP measures used in this press release may be different from the measures used by other companies. A reconciliation of each measure to the most directly comparable GAAP measure is available in this news release. In addition, the Current Report on Form 8-K furnished to the Securities and Exchange Commission (the “SEC”) concurrent with the issuance of this press release includes a more detailed description of each of these non-GAAP financial measures, together with a discussion of the usefulness and purpose of such measures.

Forward-looking Statements

This news release includes statements of our expectations, intentions, plans and beliefs that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of our business strategies and our expectations concerning future operations, margins, profitability, trends, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “may,” “will,” “should,” “expect,” “intend,” “plan,” “outlook,” “guidance,” “anticipate,” “believe,” “think,” “estimate,” “seek,” “predict,” “can,” “could,” “project,” “potential” or, in each case, their negative or other variations or comparable terminology, although not all forward-looking statements are accompanied by such terms. Examples of forward-looking statements in this news release include, but are not limited to, our 2025 fiscal year outlook for domestic same store sales growth, global unit growth, SG&A expense, stock-based compensation expense, interest expense, net and depreciation and amortization. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks, and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward-looking statements. Please refer to the risk factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be found at the SEC’s website www.sec.gov. The discussion of these risks is specifically incorporated by reference into this news release.

When considering forward-looking statements in this news release or that we make in other reports or statements, you should keep in mind the cautionary statements in this news release and future reports we file with the SEC. New risks and uncertainties arise from time to time, and we cannot predict when they may arise or how they may affect us. Any forward-looking statement in this news release speaks only as of the date on which it was made. Except as required by law, we assume no obligation to update or revise any forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

Media Contact
Maddie Lupori
Media@wingstop.com

Investor Contact
Kristen Thomas
IR@wingstop.com

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SOURCE Wingstop Restaurants Inc.

DALLAS, July 29, 2025 /PRNewswire/ — Wingstop (NASDAQ: WING) brings the flavor every day, but today, that flavor is free*. In celebration of the national holiday dedicated to chicken wings – what Wingstop calls Wingstop Wing Day – fans can score five free wings (classic or boneless) in any of the brand’s 12 bold, craveable flavors. Enter code FREEWINGS at checkout on Wingstop.com or in the Wingstop app to tap in.

“A lot of places serve chicken wings, but nobody does flavor like Wingstop especially on our day, Wingstop Wing Day,” said Wingstop’s Chief Revenue Officer, Mark Christenson. “With 12 flavors to choose from, today’s the day to celebrate what sets our wings apart – cooked to order and hand sauced-and-tossed. No one can compete with Wingstop. And just wait, we’ve got something spicy dropping next.”

That “something” lands the next day on Wednesday, July 30. Wingstop is dropping a flavor nationwide* – Hot Lemon – a bold mix of two fan-favorites: Original Hot and Lemon Pepper. It’s fiery. It’s zesty. It’s classic. And it’s only here for a limited time.

Whether fans are craving free wings or the next big flavor, Wingstop is here to deliver. For more information, visit Wingstop.com.

*See Wingstop.com/Offers for full details.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,650 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans’ choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Media Contact
Maddie Lupori
media@wingstop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/five-free-wings-in-any-flavor–wingstop-drops-deal-for-national-chicken-wing-day–teases-next-flavor-302516163.html

SOURCE Wingstop Restaurants Inc.