WING on Nasdaq

Wingstop

Logo: https://www.wingstop.com/, Non-free logo, via Wikipedia5

American restaurant company

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

1994Founded1

Compare with Sweetgreen, Portillo's Restaurants or ONE Group Hospitality, Inc., or pick any stock.

  • TickerWING on Nasdaq1
  • Industryrestaurant1
  • HeadquartersDallas1
  • Websitewww.wingstop.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address2801 N Central Expressway, Suite 1600, Dallas, Tx 752046
  • Filer categoryLarge accelerated filer6
  • LEI549300SSH3F8HPIM3Q474
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
Wingstop chicken and chips
Photo: VulcanSphere, CC BY 4.0, via Wikimedia Commons8

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.7%Operating margin9
25.0%Net margin9
11.4%Revenue growth, 20259
$105.6MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Royalty, Franchise Fees And Other brought in 26% of the revenue Wingstop broke down this way in fiscal 2025.

  1. Royalty, Franchise Fees And Other$321.8M926%up 12% from 2024
  2. Royalty$292.5M924%up 13% from 2024
  3. Advertising$247.6M920%up 14% from 2024
  4. Advertising Fees$247.6M920%up 14% from 2024
  5. Franchisor Owned Outlet$127.5M910%up 6% from 2024
  6. Franchise$6.5M91%up 7% from 2024
Products and services by year
Products and services202320242025
Royalty, Franchise Fees And Other$207.1M$288.4M$321.8M
Royalty$186.5M$259.6M$292.5M
Advertising$157.1M$217.6M$247.6M
Advertising Fees$157.1M$217.6M$247.6M
Franchisor Owned Outlet$95.8M$119.8M$127.5M
Franchise$5.1M$6.1M$6.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin18¢$128.4M
  • Other costs48¢$331.3M
  • Income tax9¢$62.9M
  • Profit25¢$174.3M

Out of $696.9M in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending16¢$47.4M
  • Dividends paid11¢$32.4M
  • Share buybacks74¢$221.9M

Out of $153.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$696.9M in 2025+249% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $199.7M$199.7M20192020: $248.8M$248.8M2020+25%2021: $282.5M$282.5M2021+14%2022: $357.5M$357.5M2022+27%2023: $460.1M$460.1M2023+29%2024: $625.8M$625.8M2024+36%2025: $696.9M$696.9M2025+11%
Operating income101112139$179.3M in 2025+318% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $42.9M$42.9M20192020: $57.4M$57.4M2020+34%2021: $73.8M$73.8M2021+29%2022: $91.9M$91.9M2022+25%2023: $112.6M$112.6M2023+22%2024: $165.6M$165.6M2024+47%2025: $179.3M$179.3M2025+8%
Net income101112139$174.3M in 2025+751% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $20.5M$20.5M20192020: $23.3M$23.3M2020+14%2021: $42.7M$42.7M2021+83%2022: $52.9M$52.9M2022+24%2023: $70.2M$70.2M2023+33%2024: $108.7M$108.7M2024+55%2025: $174.3M$174.3M2025+60%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total revenue$696.9M$625.8M$460.1M
Cost of sales$96.1M$91.6M$70.6M
Advertising expenses$261.5M$233.3M$166.6M
Selling, general and administrative$128.4M$116.8M$96.9M
Depreciation and amortization$25.1M$19.5M$13.2M
(Gain) loss on disposal of assets$6.5M-$1.0M$95.0K
Total costs and expenses$517.6M$460.2M$347.5M
Operating income$179.3M$165.6M$112.6M
Interest expense, net$35.8M$21.3M$18.2M
Investment (income) expense-$93.7M-$2.9M$57.0K
Income before income tax expense$237.2M$147.2M$94.3M
Income tax expense$62.9M$38.5M$24.1M
Net income$174.3M$108.7M$70.2M
Basic (in usd per share)$6.23$3.72$2.36
Diluted (in usd per share)$6.21$3.70$2.35
Currency translation adjustment$6.8M-$160.0K$296.0K
Other comprehensive income (loss)$6.8M-$160.0K$296.0K
Comprehensive income$181.1M$108.6M$70.5M

Compare Wingstop with another company

The story

Wingstop was founded in 1994 in Garland, Texas by Antonio Swad and Bernadette Fiaschetti. The first franchised location opened in 1997, and by 2002, the brand claimed to have served two million wings. In 2005, Wingstop began serving lunch, and in 2009 it began selling boneless products.

Between 2014 and 2016, Wingstop was the third-fastest-growing restaurant chain in the US as measured by both system-wide sales and unit growth, according to Nation's Restaurant News. In 2015, Wingstop went public at an initial public offering price of $19 per share. That year, their profits more than doubled.

In 2019, Wingstop began using the tagline Where Flavor Gets Its Wings. The next year, Wingstop became available for delivery in Dallas, Texas through DoorDash As of 2019, the Wingstop Team Member Foundation acted as an employee-funded nonprofit that gave money to other employees experiencing financial hardship due to an emergency.

On June 21, 2021, WingStop announced a digital-only restaurant called ThighStop, which sells chicken thighs instead of wings. The company cited cost-saving measures as the reason for the change.

From Wikipedia’s article on Wingstop, shared under CC BY-SA 4.0.7

Leadership

Who has led Wingstop, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Products and brands

  • chicken as food

Listed on Wikidata.1

International operations

Wingstop opened its first international restaurant in Mexico in 2010.

In April 2013, Wingstop announced that they are opening the first store in Southeast Asia, starting in Singapore. In February 2014, Wingstop announced the opening of stores in the Philippines. The first Philippine store opened in June 2014. In the same month, plans were announced for Wingstop to open in Indonesia with 100 stores by 2021.

Franchises began opening in London, UK in 2018 and have now grown to 20 locations in the Greater London area. Originally introduced to England by Lemon Pepper Holdings, the majority stakeholder in the franchise is now Sixth Street Partners - the same investment firm that owns the Far West Services franchises on the US West Coast.

In 2021, Wingstop made an agreement with JPK Capital to develop 100 Wingstop locations in Canada. The first restaurant in Canada opened in June 2022.

Read the full text

In May 2022, Wingstop announced plans to enter South Korea.

As of November 26, 2025, Wingstop operates in 15 countries internationally. Recent expansions include Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and the Netherlands. On this same day, Wingstop reiterated its intentions to expand into Thailand, Italy and Ireland.

The first Wingstop in Australia opened on May 17, 2025. The first Dutch outlet opened on August 8 2025, at Amsterdam Airport Schiphol. The first Irish outlet on December 8, 2025 at Dublin's Liffey Valley shopping centre. On December 13, 2025, Wingstop entered the Thailand market, in MBK Center.

Products

Wingstop's menu includes a wide range of chicken products such as bone-in and boneless wings, chicken tenders, and fried chicken sandwiches.

There are 13 wing sauces, with some sauces available for limited periods as part of marketing efforts.

Sides include fries, fried corn, and veggie sticks (carrots and/or celery). Sauces include ranch, blue cheese, honey mustard, and cheese sauce.

The menu also includes chocolate brownies as a dessert option.

From Wikipedia’s article on Wingstop, shared under CC BY-SA 4.0.7

Timeline

  1. May 10, 2022New chief executive Michael Skipworth becomes CEO17
  2. Jun 11, 2015New chief executive Charles R. Morrison becomes CEO18
  3. 1994Founded Founded1

Filings

389 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 234 insider forms, 41 large holders, 47 other. The latest 20:

  1. Sep 29, 20264 EDGAR
  2. Sep 29, 20263 EDGAR
  3. Aug 25, 20268-K EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 10, 20264 EDGAR
  6. Aug 10, 20263 EDGAR
  7. Aug 6, 20268-K EDGAR
  8. Jul 29, 202610-Q EDGAR
  9. Jul 29, 20268-K EDGAR
  10. Jun 9, 20264/A EDGAR
  11. Jun 9, 20264/A EDGAR
  12. Jun 9, 20264/A EDGAR
  13. Jun 9, 20264/A EDGAR
  14. Jun 9, 20264/A EDGAR
  15. Jun 9, 20264/A EDGAR
  16. Jun 9, 20264/A EDGAR
  17. Jun 9, 20264/A EDGAR
  18. Jun 9, 20264/A EDGAR
  19. May 29, 2026144 EDGAR
  20. May 26, 20264 EDGAR

The 389 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

52 open-market trades by officers, directors and large owners since October 2021: 0 buys and 52 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 12, 2026Fallon ChristopherFormer SVP & CIOSale250$125.93$31.5KForm 4
Mar 10, 2026Fallon ChristopherFormer SVP & CIOSale177$220.78$39.1KForm 4
Feb 25, 2026Madati KilandigaluDirectorSale2,700$260.73$704.0KForm 4
Feb 23, 2026MCDONALD WESLEY SDirectorSale566$250.00$141.5KForm 4
Nov 25, 2025Madati KilandigaluDirectorSale269$259.97$69.9KForm 4
Aug 1, 2025Kaleida AlexSVP, Chief Financial OfficerSale5,400$376.09$2.0MForm 4
Aug 1, 2025Carona MarisaSenior Vice PresidentSale11,938$370.34$4.4MForm 4
Aug 1, 2025Skipworth MichaelPresident and CEOSale4,500$370.34$1.7MForm 4
Jun 2, 2025Caine Lynn CrumpDirectorSale499$345.60$172.5KForm 4
May 27, 2025Skipworth MichaelPresident and CEOSale10,000$337.33$3.4MForm 4
May 5, 2025Kapoor RajSVP, Chief Operating OfficerSale637$273.07$173.9KForm 4
Mar 2, 2025Upshaw DonnieChief Brand & People OfficerSale91$234.78$21.4KForm 4
Dec 12, 2024Kapoor RajSVP, Chief Operating OfficerSale266$324.38$86.3KForm 4
Aug 8, 2024Upshaw DonnieChief Brand & People OfficerSale3,199$372.71$1.2MForm 4
Jun 5, 2024Madati KilandigaluDirectorSale645$395.74$255.3KForm 4
May 21, 2024Smith AniaDirectorSale566$380.91$215.6KForm 4
May 9, 2024Lavelle Kate SDirectorSale750$394.57$295.9KForm 4
May 8, 2024McGrath Albert GSVP General Counsel, SecretarySale4,230$396.40$1.7MForm 4
Mar 8, 2024Carona MarisaSenior Vice PresidentSale2,586$371.96$961.9KForm 4
Feb 23, 2024Skipworth MichaelPresident and CEOSale10,843$337.40$3.7MForm 4

All 52 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC4,092,059$709.6M0.0%+1,945,719
BlackRock, Inc.2,775,585$481.3M0.0%−351,047
Darsana Capital Partners LP1,500,000$260.1M1.2%+250,000
Massachusetts Financial Services Co /ma/1,307,004$226.6M0.1%+11,456
Vanguard Capital Management LLC1,230,190$213.3M0.0%−5,389
Vanguard Portfolio Management LLC1,184,820$205.5M0.0%+29,572
American Century Companies Inc961,668$166.8M0.1%−148,368
Marshall Wace, Llp961,328$166.7M0.1%New
Alyeska Investment Group, L.P.942,943$163.5M0.4%+290,501
State Street Corp863,951$149.8M0.0%+16,907
Jupiter Topco LLC850,244$147.4M0.1%New
Geode Capital Management, LLC568,096$98.5M0.0%−13,337
Tremblant Capital Group546,553$94.8M2.7%+69,452
Capital International Investors536,785$93.1M0.0%+146,072
Raymond James Financial Inc465,013$80.6M0.0%+43,568
Bank of New York Mellon Corp463,965$80.5M0.0%−24,248
Stephens Investment Management Group LLC462,635$80.2M0.9%+265,742
Clearbridge Investments, LLC448,957$77.9M0.1%−53,008
Citigroup Inc433,366$75.1M0.0%+105,914
Bamco Inc /ny/430,165$74.6M0.1%+222,178
UBS Group AG414,861$71.9M0.0%+182,253
Federated Hermes, Inc.409,330$71.0M0.1%+92,275
Dimensional Fund Advisors LP388,888$67.4M0.0%+32,596
Wasatch Advisors LP376,706$65.3M0.4%−195,376
Wellington Management Group Llp374,483$64.9M0.0%+326,568

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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