Wingstop Q3 Same-Store Sales Fall 5.4%, Full-Year Outlook Cut to -6.5% to -7%
WING sits 28% above its 52-week low of $95.82 on elevated volume (2.4× avg).
Summary
Wingstop posted a 5.4% drop in Q3 domestic same-store sales and cut its full-year outlook to a 6.5%-7% decline, though revenue rose 5.3% to $185.1M and the dividend was raised to $0.33 per share.
Key Events · Earnings and Guidance · WING
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Q3 Same-Store Sales Down 5.4%
Domestic same-store sales fell 5.4% versus Q3 2025, with company-owned domestic same-store sales down 2.7%; domestic AUV slipped to $1.85 million from $2.06 million.
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Full-Year Outlook Cut
2026 guidance now calls for a 6.5% to 7% decline in domestic same-store sales, alongside 440-450 net new units (14.4%-14.7% unit growth) and SG&A of $138-$140 million including $3 million of restructuring charges.
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Revenue Up, Adjusted EPS Down
Total revenue rose 5.3% to $185.1 million and adjusted EBITDA edged up 0.5% to $64.0 million, but adjusted EPS fell 3.5% to $1.08 as cost of sales rose to 78.2% of company-owned restaurant sales from 74.8%.
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Dividend Raised to $0.33
The board declared a quarterly dividend of $0.33 per share, up from $0.30, payable December 4, 2026 to holders of record November 13, 2026 — roughly $9.0 million total.
Analysis · WING · Trade & Services
The sales slump has yet to turn: domestic same-store sales fell 5.4% in the third quarter, and management now guides to a 6.5% to 7% decline for the full year, worse than the prior outlook. New-unit openings still lifted revenue 5.3% to $185.1M, and adjusted EBITDA edged up 0.5% to $64.0M, but adjusted EPS slipped 3.5% to $1.08 as acquired company stores carry higher costs. The quarter also includes $3M of restructuring charges tied to a corporate realignment, and the dividend was raised to $0.33 from $0.30. The key question is whether the marketing and operations changes management cites produce a same-store sales inflection before unit growth alone stops carrying the model.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WING was trading at $122.90 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $95.82 to $302.80. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.