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Restaurant Count by Segment
Breaks down how many restaurants exist in each segment (e.g., franchised vs. company-owned, domestic vs. international), revealing the company’s growth strategy and capital exposure. Rapid unit growth in franchise segments can boost fees with low investment, while shifts toward company-owned stores change earnings volatility and cash needs.Wingstop is heavily leaning into franchised expansion—domestic and especially international franchised units have accelerated, while company‑owned locations remain a small, steady base—confirming an asset‑light growth model that boosts system sales and cash flow. Management’s reiterated 15%–16% unit growth, large pipeline and attractive unit economics (AUVs and sub‑2 year payback) underpin long‑term scale, but recent aggressive openings coincide with near‑term same‑store softness (weather/fuel headwinds) and an incomplete Smart Kitchen rollout, creating execution and comp‑risk until initiatives fully scale.
Date | Domestic Franchised | Domestic Company-Owned | International Franchised |
|---|---|---|---|
Jun 30, 2026 | 2.67K | 57.00 | 527.00 |
Mar 31, 2026 | 2.60K | 57.00 | 500.00 |
Dec 31, 2025 | 2.53K | 57.00 | 470.00 |
Sep 30, 2025 | 2.45K | 55.00 | 427.00 |
Jun 30, 2025 | 2.36K | 54.00 | 407.00 |
Mar 31, 2025 | 2.25K | 51.00 | 388.00 |
Dec 31, 2024 | 2.15K | 50.00 | 359.00 |
Sep 30, 2024 | 2.06K | 56.00 | 338.00 |
Jun 30, 2024 | 1.99K | 52.00 | 312.00 |
Mar 31, 2024 | 1.92K | 50.00 | 305.00 |