Q4 2025 Wingstop Inc Earnings Call Transcript
Key Points
- Wingstop Inc (WING) surpassed a milestone of 3,000 restaurants and launched in six new international markets, contributing to a system-wide sales growth of 12%.
- The company achieved an adjusted EBITDA growth of 15% in 2025, demonstrating the durability and consistency of its asset-light, capital-efficient model.
- The rollout of the Wingstop Smart Kitchen across all domestic restaurants has improved speed of service, with some locations achieving a 10-minute service time.
- Wingstop Inc (WING) launched a successful pilot of its loyalty program, Club Wingstop, which increased frequency by 7% among enrolled guests.
- The company opened 493 restaurants globally in 2025, marking a record year in development and contributing to system-wide sales growth to over $5 billion.
- Wingstop Inc (WING) experienced a decline in same-store sales of 3% in 2025, marking the first decline in 22 years.
- The reduction in overall delivery times has not matched the improvements seen in the speed of service within restaurant operations.
- The company faced macroeconomic pressures impacting its core consumer, contributing to a decline of 5.8% in domestic same-store sales in Q4.
- SG&A expenses increased by $2.1 million in Q4 2025 due to headcount-related investments and technology costs.
- The company anticipates a choppy consumer environment in 2026, with continued pressure on its core consumer, impacting same-store sales growth.
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Wingstop Inc.'s fiscal fourth-quarter and full-year 2025 earnings conference call. (Operator Instructions) Please note that this conference is being recorded today, Wednesday, February 18, 2026.
On the call today are Michael Skipworth, President and Chief Executive Officer; Alex Kaleida, Senior Vice President and Chief Financial Officer; and Sarah Niehaus, Senior Director of Investor Relations. I would now like to turn the conference over to Sarah. Please go ahead.
Thank you, and welcome to the fiscal fourth-quarter and full-year 2025 earnings conference call for Wingstop. Our results were published earlier this morning and are available on our Investor Relations website at ir.wingstop.com.
Our discussion today includes forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties that could cause our actual results to
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