FRANCHISE·WATCH·DESK

Wingstop vs WINGS ETC.

Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.

Wingstop
Strong disclosed record
WINGS ETC.
Proven & steady
Verdict
Units · latest run
+34.3% (2023–2025)
Net unit change
+2.5% (2023–2025)
Strong
Exit quality
Weak
Strong
Transfer / churn
Strong
0.5× expected (32 of 386)
SBA losses vs same-year loans
0.7× expected (5 of 45)
—
Distress
—
$25,000
Franchise fee
$39,500
$310K–$1.0M
Investment range
$374K–$2.9M
6%
Royalty
5%
Disclosed
Earnings (Item 19)
Disclosed

Wingstop

WINGS ETC.

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