Wingstop

Wingstop (WING) Q4 2025 Earnings

Reported Feb 18, 2026 at 7:45 AM ET · SEC Source

Q4 25 EPS

$1.00

BEAT +19.98%

Est. $0.83

Q4 25 Revenue

$175.7M

MISS 0.94%

Est. $177.4M

vs S&P Since Q4 25

-53.7%

TRAILING MARKET

WING -43.9% vs S&P +9.8%

Full Year 2025 Results

FY 25 EPS

$4.08

BEAT +4.38%

Est. $3.91

FY 25 Revenue

$696.9M

MISS 0.23%

Est. $698.4M

Market Reaction

Did WING Beat Earnings? Q4 2025 Results

Wingstop delivered a mixed but ultimately encouraging Q4 2025, posting earnings per share of $1.00 against a consensus estimate of $0.84, a 19.13% beat, even as revenue of $175.69 million came in just 0.90% short of the $177.29 million analysts had e… Read more Wingstop delivered a mixed but ultimately encouraging Q4 2025, posting earnings per share of $1.00 against a consensus estimate of $0.84, a 19.13% beat, even as revenue of $175.69 million came in just 0.90% short of the $177.29 million analysts had expected, still representing 8.6% growth year over year. The profit strength reflected meaningful margin improvement, with cost of sales as a percentage of company-owned restaurant sales falling to 75.6% from 77.6%, aided by lower bone-in chicken wing costs. The headline drag, however, was a 5.8% decline in domestic same-store sales, a reversal that has kept investors on edge heading into 2026. Unit growth remained a bright spot, with 124 net new openings in the quarter alone and a record 493 for the full fiscal year, bringing the system to 3,056 restaurants globally. Looking ahead, Wingstop guided for flat to low-single digit domestic same-store sales growth and 15% to 16% global unit expansion in fiscal 2026, signaling confidence in its long-term trajectory despite near-term demand softness.

Key Takeaways

  • Record 493 net new restaurant openings driving 19.2% unit growth
  • System-wide sales growth of 9.3% in Q4 and 12.1% for fiscal year 2025
  • Digital sales at 73.2% of system-wide sales
  • Company-owned restaurant same-store sales growth of 1.6% driven by transaction increases
  • Lower bone-in chicken wing costs improving cost of sales margins
  • National advertising fund contribution rate increase to 5.5% from 5.3%
24/7 Wall St

WING YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

WING Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Our team continues to demonstrate operational excellence as we opened 493 net new restaurants and expanded into six new international markets.”

— Michael Skipworth, Q4 2025 Earnings Press Release