Wingstop/$WING

Wingstop shares fall amid a broad restaurant-sector sell-off, compounded by TD Cowen’s downgrade to Hold and warning of intensifying pressure on core consumers and negative same-store sales growth for FY26.
14 hours agoLightyear AI
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About Wingstop

Wingstop is a fast casual restaurant concept built around a simple chicken-centric menu. The firm primarily offers bone-in and boneless wings, tenders, and a chicken sandwich, customizable across 12 flavors. The banner generated $5.3 billion in system sales in 2025 across 3,056 units, with 85% located in the US. Wingstop largely operates as a franchisor, with 98% of units franchised, and earns revenue largely from collecting royalties and advertising fees paid by franchisees, with a smaller contribution from company-owned restaurant sales.
Ticker
$WING
Primary listing
NASDAQ
Employees
856

Wingstop Metrics

BasicAdvanced
$2.7B
23.99
$4.20
1.81
$1.23
1.31%

What the Analysts think about Wingstop

Analyst ratings (Buy, Hold, Sell) for Wingstop stock.
Analyst projections of the future price of Wingstop stock.

Bulls say / Bears say

Wingstop is still expanding quickly: it opened 102 net restaurants in Q2 and reiterated 15% to 16% global unit growth for 2026. New franchised units can keep increasing royalty and advertising revenue even before established-store traffic fully recovers. (Wingstop Restaurants Inc. Investor Relations)
The asset-light model is proving resilient under pressure: Q2 net income rose 16.9% and adjusted EBITDA rose 12.5%, while company-owned restaurant cost of sales improved by 190 basis points. Lower wing costs are supporting profitability despite weaker sales. (Wingstop Restaurants Inc. Investor Relations)
Digital sales represented 71.6% of system-wide sales, and Wingstop has launched Club Wingstop to deepen customer relationships. Better use of loyalty and digital ordering could help rebuild visit frequency and improve the value of each customer. (Wingstop Restaurants Inc. Investor Relations, Wingstop Inc. 10-Q Quarterly Report)
Domestic demand remains weak: same-store sales fell 7.5% in Q2, after an 8.7% decline in Q1, and 2026 guidance now implies a 4% to 6% fall. A prolonged traffic decline would make the growth recovery harder. (Wingstop Restaurants Inc. Investor Relations)
The franchise engine may be masking weaker per-store productivity: Q2 system-wide sales growth relied heavily on 102 new openings, while digital visits fell in lower-income urban areas. If franchisee sales and returns weaken, development could slow and undermine the unit-growth target. (Restaurant Dive, Wingstop Restaurants Inc. Investor Relations)
Q2 revenue missed expectations even as adjusted EPS beat, with profit helped by lower wing costs and reduced SG&A. That raises the risk that earnings momentum is less durable if these cost offsets fade. (24/7 Wall St., Wingstop Restaurants Inc. Investor Relations)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

Wingstop Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Wingstop Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Wingstop

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