Q2 26 EPS
$1.18
BEAT +15.39%
Est. $1.02
Q2 26 Revenue
$185.6M
MISS 2.45%
Est. $190.2M
vs S&P Since Q2 26
-20.1%
TRAILING MARKET
WING -14.1% vs S&P +6.0%
Market Reaction
Did WING Beat Earnings? Q2 2026 Results
Wingstop posted a mixed but ultimately profitable second quarter, beating Wall Street on the bottom line while falling short on revenue amid deepening same-store sales pressure. The chicken wing chain reported adjusted EPS of $1.18, clearing the cons… Read more Wingstop posted a mixed but ultimately profitable second quarter, beating Wall Street on the bottom line while falling short on revenue amid deepening same-store sales pressure. The chicken wing chain reported adjusted EPS of $1.18, clearing the consensus estimate of $1.02 by 15.39% and extending its streak of beating EPS estimates to five consecutive quarters, even as revenue of $185.56 million trailed the $190.23 million consensus by 2.45%, rising 6.4% year over year. The headline tension lies in domestic same-store sales, which declined 7.5%, a sharp acceleration from the 1.9% dip a year ago and a reflection of what management called continued pressure on consumer spending. Robust unit expansion, with 102 net new restaurants bringing the system-wide count to 3,255, helped offset that comp drag through incremental royalty revenue. Net income climbed 16.9% to $31.29 million, supported by lower SG&A and improved food costs. Looking ahead, Wingstop now expects domestic same-store sales to decline 4% to 6% for the full year, while reiterating 15% to 16% global unit growth.
Key Takeaways
- • Net new franchise development contributed $11.2 million in incremental royalty revenue
- • 16% year-over-year unit growth with 102 net new openings
- • Lower bone-in chicken wing costs improved restaurant-level margins
- • SG&A decreased $2.7 million driven by stock compensation forfeitures and lower payroll
- • Digital sales represented 71.6% of system-wide sales
WING Forward Guidance & Outlook
Wingstop updated 2026 guidance reflecting macro uncertainty: domestic same-store sales expected to decline 4% to 6%; SG&A of $140-$143 million including $3 million of restructuring charges; stock-based compensation of approximately $24 million; depreciation and amortization of approximately $33 million. The company reiterated global unit growth of 15% to 16% and net interest expense of approximately $43 million.
WING YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
WING Revenue by Segment
With YoY comparisons, source: SEC Filings
“During the second quarter, we continued making meaningful progress against the strategic priorities that we believe will drive the next phase of growth for Wingstop. The national launch of Club Wingstop marked an important milestone in building deeper relationships with our guests, while our continued investments in value, flavor innovation and Smart Kitchen are strengthening the business in ways that position us to win more occasions. Combined with one of the strongest development pipelines in the industry, these investments reinforce our confidence in the long-term opportunity to become a Top 10 Global Restaurant Brand.”
— Michael Skipworth, Q2 2026 Earnings Press Release
WING Earnings Trends
WING vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WING EPS Trend
Earnings per share: estimate vs actual
WING Revenue Trend
Quarterly revenue: estimate vs actual
WING Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.02 | $1.18 | +15.39% | $185.6M | -2.45% |
| Q1 26 BEAT | $1.03 | $1.18 | +15.09% | $183.7M | -2.15% |
| Q4 25 BEAT FY | $0.83 | $1.00 | +19.98% | $175.7M | -0.94% |
| FY Full Year | $3.91 | $4.08 | +4.38% | $696.9M | -0.23% |
| Q3 25 BEAT | $0.92 | $1.09 | +18.61% | $175.7M | -5.17% |
| Q2 25 BEAT | $0.87 | $1.00 | +15.11% | $174.3M | +0.46% |
| Q1 25 BEAT | $0.87 | $0.99 | +14.37% | $171.1M | +0.09% |