Wingstop(WING) - 2025 Q3 - Quarterly Results

Financial Performance - Adjusted EBITDA increased 18.6% to $63.7 million, the highest quarter on record[4] - Total revenue increased 8.1% to $175.7 million from $162.5 million in the prior fiscal third quarter[6] - Net income rose 10.7% to $28.5 million, or $1.02 per diluted share[4] - Total revenue for the thirteen weeks ended September 27, 2025, was $175,736,000, an increase of 8.1% compared to $162,498,000 for the same period in 2024[35] - Net income for the same period was $28,478,000, representing a 10.7% increase from $25,732,000 in the prior year[35] - Adjusted EBITDA for the thirteen weeks ended September 27, 2025, was $63,658,000, up 18.6% from $53,672,000 in the previous year[42] - Earnings per diluted share for the period was $1.02, an increase from $0.88 in the same quarter of 2024[35] Sales and Growth - System-wide sales rose 10.0% to $1.4 billion compared to the prior year[4] - Domestic same store sales decreased 5.6%, while company-owned domestic same store sales grew 3.8%[4] - Digital sales accounted for 72.8% of system-wide sales[4] - 114 net new restaurant openings in the fiscal third quarter, resulting in 19.3% net new unit growth[3] - The company opened 93 new domestic franchised restaurants, increasing the total to 2,450, compared to 2,064 at the end of the same period in 2024[39] - The company reported a total of 2,932 system-wide restaurants as of September 27, 2025, compared to 2,458 a year earlier[39] Future Outlook - The company expects a decline of approximately 3% to 4% in domestic same store sales growth for 2025[17] Expenses and Dividends - The cost of sales margin decreased to 74.8% for the thirteen weeks ended September 27, 2025, down from 77.8% in the prior year[37] - Advertising expenses for the quarter were $65,541,000, an increase from $60,965,000 in the same period last year[35] - The board of directors declared a quarterly dividend of $0.30 per share, totaling approximately $8.3 million[13] - The company declared dividends per share of $0.30, up from $0.27 in the prior year[35] Debt - The company’s long-term debt remained stable at $1,208,358,000, slightly up from $1,206,201,000 in the previous year[33]