Wingstop (WING) Q4 2025 Earnings
How Did WING Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −5.50%.
Did WING Beat Earnings? Q4 2025 Results
Yes. Wingstop reported Q4 2025 earnings of $1.00 a share on Feb 18, 2026, beating the $0.83 consensus estimate by 20.0%. Revenue was $175.7M against a $177.4M estimate.
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.
- 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
What Was Wingstop's Outlook in Q4 2025?
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
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $175.7M | $161.8M | +8.6% |
| Operating Income | $46.8M | $41.8M | +11.9% |
| Net Income | $26.8M | $26.8M | +0.0% |
WING Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.