Back to Directory
Wingstop
Food & Beverage· USA· Est. 1994

Wingstop

Parent: Wingstop Inc.

FRA GoldHigh TransparencyHigh ROIEmerging GrowthLogistics Driven
84
Overview

Wingstop is the fastest-growing chicken wing franchise globally, with near-100% franchised model and strong digital ordering penetration. Its same-store sales growth trajectory is among the strongest in public QSR.

Key Metrics

2,200
Total Units
98%
Franchised
$3.6B
System Revenue
$2M
Avg Unit Volume
$310K
Min Investment
$947K
Max Investment
6%
Royalty Fee
23%
Avg ROI
Model Breakdown

Business Model

Delivery and carry-out focused chicken wing franchise with digital-first ordering. Near 100% franchised model with exceptional unit economics.

Supply Chain Control

Medium

Franchisee Support

High

Expansion Strategy

Multi-unit agreements, international master franchise

Logistics Model

Approved wing supplier network, delivery aggregator partnerships

Investor & Ownership

Publicly traded (NASDAQ: WING), Rick Ross celebrity partnership

FRA Compliance Scores
Legal Fairness
78/100
Financial Transparency
88/100
Support Systems
82/100
Franchisee Success Rate
80/100

FRA Insight

Strengths

Best-in-class SSSG, digital-first model, high franchisee ROI, public company transparency.

Weaknesses

Single-category wing focus creates commodity risk. Limited daypart flexibility.

Key Risks

Chicken wing commodity price volatility, delivery platform dependency, category saturation risk.

Data sources: Public filings, FDD