The accelerating decline in same-store sales and the downward guidance revision overshadow the adjusted EPS beat. Traders should watch consumer spending trends and any stabilization in comps. The strong unit growth provides some offset, but if comps worsen, the stock could face further pressure.
Price Chart
Executive Summary
Wingstop Q1 2026 results showed a deepening domestic same-store sales decline of 8.7% (vs +0.5% last year), with total revenue up 7.4% driven by 17% unit growth. Adjusted EPS of $1.18 beat consensus of $1.02, but the company lowered full-year same-store sales guidance to a low-single digit decline from flat/low-single digit growth, signaling ongoing consumer pressure.
Key Financial Metrics
Key Facts
- Domestic same-store sales fell 8.7% in Q1 2026, accelerating from a 5.8% decline in Q4 2025
- Total revenue grew 7.4% to $183.7M, driven by 97 net new openings (17% unit growth)
- Adjusted EPS of $1.18 beat Street consensus of $1.02 by about 15.7%
- Full-year 2026 same-store sales guidance lowered to 'low-single digit decline' from prior 'flat to low-single digit growth'
- Board authorized $300M additional share repurchase; $313.4M remains under the program
- Quarterly dividend declared at $0.30 per share, payable June 5, 2026
Financial Impact
Same-store sales decline of 8.7% represents a material deterioration in the core business. The guidance downgrade suggests further weakness ahead.
Risk Factors
- Continued consumer spending weakness pressuring same-store sales
- Inability to stabilize traffic trends despite unit growth
- Potential for further guidance cuts if macro conditions deteriorate
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001636222-26-000015 |
| Document: wing-20260428.htm | 0001636222-26-000015 |
| Document: 0001636222-26-000015-index-headers.html | 0001636222-26-000015 |
| Document: 0001636222-26-000015-index.html | 0001636222-26-000015 |
| Document: 0001636222-26-000015.txt | 0001636222-26-000015 |
| 8-K Data (Synthetic) | 0001636222-26-000015 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 10w ago | 3 | $111.36 | awaiting T+60 | — | $122.88 (+10.34%) |
Jul 29, 2026 12w ago | 8-K | $139.45 $120.87 | ▲ +13.32% | ▲ +18.05% | $122.88 (+11.88%) |
Apr 29, 2026 25w ago | 8-K | $170.78 $135.20 | ▲ +20.83% | ▲ +24.94% | $122.88 (+28.05%) |
Feb 23, 2026 35w ago | Insider Cluster | $248.02 $129.00 | ▼ −47.99% | ▼ −56.24% | $122.88 (−50.46%) |
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