Where Will Wingstop Be in 5 Years?
In 2024, restaurant company (NASDAQ: WING) did something for the 21st year in a row: Sales went up at domestic restaurants that had been open for at least a year. To be more specific, domestic same-store sales were up a whopping 19.9% year over year, which is a number so good that it's staggering.
To put its growth into perspective, the average Wingstop restaurant location had $1.6 million in annual sales at the end of 2021. At the end of 2024, however, this had grown to an annual average of $2.1 million. That's a massive increase in a short amount of time.
Keep in mind that I'm only talking about Wingstop's domestic growth in restaurants that have been open for at least a year. This doesn't factor in the company's additional growth in international markets or growth from opening new locations. Factoring those things in lifts revenue even higher. The end result is that Wingstop's revenue has tripled in just five years.
Source Fool.com
