Wingstop (WING) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Wingstop delivered a split verdict in fiscal Q3 2025, posting a meaningful earnings beat alongside a revenue miss that laid bare the strain of declining comparable-store traffic. The chicken wing chain earned $1.09 per share, clearing the $0.92 conse… Read more Wingstop delivered a split verdict in fiscal Q3 2025, posting a meaningful earnings beat alongside a revenue miss that laid bare the strain of declining comparable-store traffic. The chicken wing chain earned $1.09 per share, clearing the $0.92 consensus by 18.61%, while revenue of $175.74 million came in 5.17% below expectations despite growing 8.2% year-over-year, a gap explained largely by a 5.6% domestic same-store sales decline that reversed the prior year's 20.9% surge. The profitability bright spot traced back to record Adjusted EBITDA of $63.66 million, up 18.6%, driven by lower bone-in chicken wing costs and improved company-owned restaurant margins, with cost of sales as a percentage of restaurant sales falling from 77.8% to 74.8%. A record 114 net new restaurant openings pushed the system-wide footprint to 2,932 locations, sustaining 19.3% unit growth. The forward picture, however, darkened considerably, with full-year domestic same-store sales guidance revised to a 3% to 4% decline from a previously expected 1% gain, a revision that has already prompted several analysts to lower their price targets on the stock.