Wingstop Inc. SEC Filings

Wingstop Inc. reported strong 2025 growth while guiding to more moderate 2026 trends. For fiscal 2025, system-wide sales rose 12.1% to $5.3 billion and total revenue increased 11.4% to $696.9 million. Net income climbed 60.3% to $174.3 million, or $6.21 per diluted share, while adjusted net income grew 3.8% to $114.5 million. Adjusted EBITDA increased 15.2% to $244.2 million, reflecting solid underlying profitability.

The company opened 493 net new restaurants in 2025, ending the year with 3,056 locations, though domestic same store sales declined 3.3%. In the fourth quarter, system-wide sales were $1.3 billion, revenue was $175.7 million, and adjusted EBITDA reached $61.9 million, up 9.8% versus 2024 despite a 5.8% domestic same store sales decline.

For 2026, Wingstop targets flat to low-single digit domestic same store sales growth and 15%–16% global unit growth, with SG&A of $151–$154 million, stock-based compensation of about $32 million, net interest expense of about $43 million, and depreciation and amortization of about $30 million. The board declared a quarterly dividend of $0.30 per share, payable on March 27, 2026, and the company repurchased 248,278 shares in the fourth quarter at an average price of $241.65, leaving $91.3 million authorized for further repurchases.

American Century Investment Management, American Century Companies, and the Stowers Institute for Medical Research report a 4.1% beneficial stake in Wingstop Inc. common stock. They collectively hold 1,127,933 shares, with 948,942 shares having sole voting power and all 1,127,933 shares subject to sole dispositive power.

The ownership relates to accounts advised in the ordinary course of business and is certified as not intended to change or influence control of Wingstop. The filing is an amendment reflecting that the group now owns 5 percent or less of the outstanding common stock as of December 31, 2025.

Wingstop Inc. reported that Massachusetts Financial Services Company (MFS), a Delaware entity, has filed a Schedule 13G disclosing a significant ownership position in the company’s common stock.

MFS beneficially owns 1,405,894 shares of Wingstop common stock, representing 5.1% of the class. MFS has sole power to vote 1,337,261 shares and sole power to dispose of 1,405,894 shares, with no shared voting or dispositive power reported.

MFS states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Wingstop, nor in connection with any transaction aimed at such control.

Wingstop Inc. reported a leadership reorganization that includes reinstating the role of Chief Operating Officer and appointing Rajneesh (Raj) Kapoor, previously President of International, to the position effective January 7, 2026. As COO, Mr. Kapoor will oversee domestic and international franchise development and operations, as well as company-owned restaurants.

Mr. Kapoor’s compensation includes a base salary of $625,000 per year and an annual incentive bonus target of $450,000 for fiscal 2026, along with eligibility for existing executive benefit plans. The company also reassigned duties of Marisa J. Carona and Albert McGrath, who will remain employees through March 10, 2026, and whose departures will qualify them for severance benefits under Wingstop’s Amended and Restated Executive Severance Plan.

Wingstop Inc. reported Q3 2025 results showing steady growth from new units while same-store trends softened. Total revenue was $175.7 million (up 8.1%), and net income was $28.5 million (up 10.7%), or $1.02 diluted EPS.

System-wide sales rose 10.0% to $1.36 billion on 114 net openings, bringing total restaurants to 2,932. Domestic same store sales declined 5.6%, while company-owned same-store sales grew 3.8%. Year-to-date, revenue reached $521.2 million (up 12.3%) and net income was $147.5 million, aided by a gain on sale of the UK master franchise investment recorded earlier in the year.

Cash and cash equivalents were $237.6 million, with long-term debt of $1.21 billion. The company repurchased 970,115 shares year-to-date at an average price of $261.42, leaving $151.3 million under its authorization. The Board declared a quarterly dividend of $0.30 per share for payment on December 12, 2025.

Wingstop Inc. furnished an update on operations and declared a cash return to shareholders. The company issued a press release reporting financial results for its fiscal third quarter ended September 27, 2025, using GAAP measures of net income and diluted EPS, alongside non‑GAAP metrics including EBITDA, Adjusted EBITDA, Adjusted net income, and Adjusted diluted EPS. The non‑GAAP measures are presented with definitions and limitations and are intended to supplement, not replace, GAAP results.

The Board declared a quarterly cash dividend of $0.30 per share, payable on December 12, 2025 to stockholders of record as of the close of business on November 21, 2025. Future dividends remain at the Board’s discretion.

Lone Pine Capital and certain principals report a shared beneficial ownership stake in Wingstop Inc. The filing shows the Lone Pine Funds, through Lone Pine Capital, and five named reporting persons together have shared voting and dispositive power over 1,491,245 shares of Wingstop common stock, representing 5.3% of the company's outstanding shares based on 27,923,753 shares outstanding as reported by the company. The statement clarifies Lone Pine Capital acts as investment manager for multiple affiliated funds and the named individuals are members or managers of the Lone Pine governance structure. The filing also states these securities were not acquired to change or influence control of the issuer.

Michael Skipworth, President and Chief Executive Officer of Wingstop Inc. (WING), was granted 45,505 restricted stock units (RSUs) on September 11, 2025 under the Wingstop Inc. 2024 Omnibus Incentive Plan. Each RSU converts one-for-one into common stock and the award vests on the fifth anniversary of the grant date, meaning the RSUs vest on September 11, 2030. Following the reported grant, Skipworth beneficially owns 45,505 shares attributable to these RSUs. The Form 4 was filed as a single reporting person and dated with a power-of-attorney signature on September 15, 2025.

Wingstop Inc. (WING) Form 4 summary: Donnie Upshaw, SVP Corporate Restaurants & CPO, had 287 restricted stock units (RSUs) vest on 09/08/2025 that converted one-for-one into common shares. Upon vesting, 113 shares were withheld to satisfy tax withholding, recorded as a disposition at an average price of $304.78 per share. After these transactions, the reporting person beneficially owned 11,617 shares (direct) according to the filing; another line reports 11,643 shares before the withholding disposition. The RSUs were originally granted 09/08/2022 and vest in three equal annual installments. The form was signed under power of attorney on 09/10/2025.