Overview

* Wingstop ( WING ) fiscal Q3 system-wide sales rise 10% to $1.4 bln

* Adjusted EBITDA for fiscal Q3 grows 18.6% to $63.7 mln, highest quarter on record

* Company opened 114 net new restaurants, achieving 19.3% net new unit growth

Outlook

* Wingstop ( WING ) revises 2025 domestic same store sales growth to decline 3%-4%

* Company expects 475 to 485 global net new units in 2025

* Wingstop ( WING ) forecasts 2025 SG&A expenses between $131 mln and $132 mln

Result Drivers

* NEW OPENINGS - Wingstop ( WING ) opened 114 net new restaurants, contributing to 19.3% net new unit growth

* COST MANAGEMENT - Decrease in cost of sales percentage driven by lower food costs and operational efficiencies

* DIGITAL SALES - Increase in digital sales to 72.8% of system-wide sales supported revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.35

System-W bln

ide

Sales

Q3 EPS $1.02

Q3 $30.39

Adjusted mln

Net

Income

Q3 Net $28.47

Income mln

Q3 $63.65

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for Wingstop Inc ( WING ) is $357.50, about 40.1% above its November 3 closing price of $214.07

* The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 81 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)