FDD ITEM 20 · FISCAL 2023–2025
Wingstop Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Wingstop reported 2,529 franchised outlets at year end. 4 of 2,154 franchised outlets open at the start of the year left the system (exit rate 0.2%, fiscal 2025), while 384 new outlets opened. Systemwide units moved +34.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 1,721 | 1,926 | 2,204 |
| Opened | 203 | 281 | 384 |
| Transfers | 132 | 90 | 52 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 3 | 4 | 5 |
| Ceased — other reasons | 1 | 0 | 4 |
| Outlets at end | 1,926 | 2,204 | 2,586 |
| Net change | +205 | +278 | +382 |
0 terminations + 0 non-renewals + 4 ceased (other) = 4 exits ÷ 2,154 at start = 0.2%
These are the three FTC Item 20 statuses in which a franchised outlet left the system — including voluntary non-renewals and outlets that ceased for other reasons, which can include sales or absorption into another franchise. Transfers (52) are resales, not exits; reacquisitions by the franchisor (5) are tracked separately. There is no official “failure rate”, and not every exit is a closure or a failure; Item 20 does not say why any outlet left. On a small starting base, a single exit moves this rate sharply.
| State | Franchised | Company-owned |
|---|---|---|
| CA | 457 | — |
| TX | 428 | 50 |
| FL | 171 | — |
| IL | 136 | — |
| GA | 93 | — |
| OH | 89 | — |
| NY | 84 | 0 |
| NC | 70 | — |
| AZ | 58 | — |
| NJ | 57 | — |
| PA | 55 | — |
| CO | 54 | — |
| MI | 54 | — |
| TN | 53 | — |
| VA | 50 | — |
| IN | 47 | — |
| LA | 46 | — |
| MO | 44 | — |
| WA | 39 | — |
| MD | 35 | — |
| NV | 33 | 7 |
| OK | 33 | — |
| AL | 32 | — |
| UT | 32 | — |
| SC | 28 | — |
| KY | 25 | — |
| OR | 25 | — |
| WI | 25 | — |
| MN | 24 | — |
| NM | 24 | — |
| AR | 19 | — |
| CT | 15 | — |
| KS | 15 | — |
| MS | 15 | — |
| NE | 14 | — |
| MA | 10 | — |
| IA | 8 | — |
| ID | 8 | — |
| DE | 7 | — |
| AK | 3 | — |
| NH | 3 | — |
| SD | 3 | — |
| HI | 2 | — |
| RI | 2 | — |
| DC | 1 | — |
| MT | 1 | — |
| WV | 1 | — |
| WY | 1 | — |
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