• Wingstop average return on tangible equity for 2023 was -13.27, a 43.61% increase from 2022.
• Wingstop average return on tangible equity for 2022 was -9.24, a 12.14% increase from 2021.
• Wingstop average return on tangible equity for 2021 was -8.24, a 10.82% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.