Wingstop has delivered a mixed third-quarter performance, reporting strong overall growth and continued global expansion, even as domestic same-store sales fell, highlighting ongoing challenges in its core US markets.

The Dallas-based chicken chain’s revenue rose 8.1 per cent to $175.7 million, while net income increased 10.7 per cent to $28.5 million. Adjusted net income climbed 15.6 per cent to $30.4 million, and adjusted EBITDA reached a quarterly record of $63.7 million.

System-wide sales grew 10 per cent to $1.4 billion, with digital orders now accounting for 72.8 per cent of total sales. Wingstop added 114 new restaurants during the quarter, expanding its global footprint to 2932 locations, including 427 international sites.

Despite the growth, domestic same-store sales fell 5.6 per cent, even as average US unit volumes remained around $2.1 million.

“Our third quarter results highlight the strength and resiliency of our business model, delivering 18.6 per cent 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 and CEO. 

Looking ahead, Wingstop expects domestic same-store sales to decline three to four per cent in fiscal 2025, down from prior guidance of roughly flat growth, while global unit growth is projected at 475 – 485 new locations.

“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,” added Skipworth. 

Founded in 1994, the company now operates and franchises more than 2900 restaurants worldwide, with 98 per cent of locations owned by brand partners.