Wingstop (WING) Q3 2026 Earnings
How Did WING Stock React to Q3 2026 Earnings?
Did WING Beat Earnings? Q3 2026 Results
Yes. Wingstop reported Q3 2026 earnings of $1.08 a share on Oct 28, 2026, beating the $1.02 consensus estimate by 5.8%. Revenue was $185.1M against a $193.1M estimate.
Wingstop delivered a mixed third quarter for fiscal 2026, beating on profit while falling short on sales, as a softening consumer backdrop weighed on traffic across its domestic system. The chicken wing chain posted adjusted EPS of $1.08, clearing the $1.02 consensus by 5.78% and extending its streak of beating analyst EPS estimates to six consecutive quarters; revenue, however, came in at $185.13 million, missing the $193.15 million estimate by 4.15%, though it still represented a 5.3% increase year-over-year. The primary culprit was a 5.4% decline in domestic same-store sales driven by lower transaction volumes, a headwind that pressured company-owned restaurant margins and pushed cost of sales as a percentage of company-owned revenue to 78.2% from 74.8% a year ago. Strength in net new unit development, including 76 openings in the quarter bringing the total system to 3,331 restaurants, partially cushioned the blow. Multiple analysts trimmed price targets ahead of the print, though Buy-equivalent ratings remained broadly intact. Looking ahead, Wingstop now expects domestic same-store sales to decline roughly 6.5% to 7% for the full year, with global net new unit growth of 14.4% to 14.7%.
- Net new franchise development contributed $8.6 million in incremental royalty revenue
- Domestic same store sales declined 5.4% driven by lower transaction volumes reflecting continued pressure on consumer spending
- System-wide sales increased 6.0% to $1.4 billion
- 76 net new restaurant openings in Q3 2026
- Digital sales represented 73.7% of system-wide sales
- Company-owned restaurant cost of sales increased to 78.2% of sales from 74.8% driven by higher food, beverage, packaging, rent, maintenance, and labor costs
- Depreciation and amortization increased $2.8 million due to technology investments
“We are taking deliberate action across our business to drive same store sales growth, with a focus on sharpening our marketing execution, strengthening restaurant operations, and leveraging Club Wingstop to deepen guest relationships.”
Wingstop CEO, on the earnings call
What Is Wingstop's Outlook?
The company updated full-year 2026 guidance: domestic same store sales expected to decline approximately 6.5% to 7%; global net new units of 440 to 450 (14.4% to 14.7% unit growth); SG&A of $138-$140 million including $3 million of restructuring charges related to corporate realignment; stock-based compensation expense of approximately $21 million; depreciation and amortization of approximately $35 million; interest expense, net of approximately $41 million.
WING YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $185.1M | $175.7M | +5.4% |
| Operating Income | $50.7M | $49.0M | +3.5% |
| Net Income | $29.1M | $28.5M | +2.2% |
WING Revenue by Segment
When Does Wingstop Report Next?
Figures from SEC filings and company reports. Not investment advice.