Wingstop operates a mostly franchise-based model (≈ 98% franchise-owned locations) with only a small portion corporate-owned.

In 2024, it added 349 net new restaurants, achieving ~15.8% unit growth, and delivered 21 consecutive years of same-store sales growth (19.9% in 2024)

Given current positioning, analysts expect modest to healthy upside over the next 12 months, though tempered by margin pressures. Some bullish calls believe operational gains from AI / tech could unlock multiple expansion if execution surprises positively.

10/3/2025 07:58EST (Last Price 3.37): Favouring that wave  2 is complete and we are focusing on wave 3.