Companies /Consumer Cyclical

Wingstop Inc

NASDAQ: WING Restaurants
$109.95
▼ $2.29 (−2.04%) today
Markets closed · 4:28pm ET

Q4 2025 Earnings

Reported Feb 18, 2026, 7:45am ET · SEC source
$1.00
Beat +19.98%
EPS · est. $0.83
$175.7M
Miss −0.94%
Revenue · est. $177.4M
−27.2%
Trailing market
WING vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%Feb 18Feb 19report 7:45am ETearnings−0.2%−4.0%
−10%−5%0+5%Feb 18Feb 19earnings−0.2%−4.0%
WING −4.0%S&P 500 −0.2%
−10%−5%0+5%Feb 18Feb 19report 7:45am ETearnings−0.2%−4.0%
−10%−5%0+5%Feb 18Feb 19earnings−0.2%−4.0%
WING −4.0%NASDAQ −0.2%
−18%−12%−6%0Feb 17Feb 25report 7:45am ETearnings+1.1%−10.5%
−18%−12%−6%0Feb 17Feb 25earnings+1.1%−10.5%
WING −10.5%S&P 500 +1.1%
−18%−12%−6%0Feb 17Feb 25report 7:45am ETearnings+2.1%−10.5%
−18%−12%−6%0Feb 17Feb 25earnings+2.1%−10.5%
WING −10.5%NASDAQ +2.1%
+10.84%
Day of report
−6.84%
Next session
−8.92%
One week
−32.71%
30 days

S&P 500 over the same 30 days: −5.50%.

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 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 <a href="https://247wallst.com/investing/2026/02/18/wall-street-is-losing-its-mind-over-wingstop-right-now/">kept investors on edge</a> 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%

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

Wingstop CEO, on the earnings call

Forward Guidance & Outlook

For fiscal year 2026, Wingstop guided for flat to low-single digit domestic same-store sales growth, global unit growth of 15% to 16%, SG&A of $151-$154 million (including $3 million in restructuring charges), stock-based compensation expense of approximately $32 million, interest expense net of approximately $43 million, and depreciation and amortization of approximately $30 million.

WING YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$50.0M$100.0M$150.0M$161.8M$175.7MRevenue$41.8M$46.8MOperating Income$26.8M$26.8MNet Income
$0$50.0M$100.0M$150.0MRevenueOperating IncomeNet Income

WING Revenue by Segment

Royalty revenue, franchise fees and other$81.9M
Advertising fees$61.4M
Company-owned restaurant sales$32.4M

Figures from SEC filings and company reports. Not investment advice.