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Get filing alertsWingstop reports 7.5% domestic same-store sales decline, cuts 2026 guidance
Filed July 29, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Domestic same-store sales fell 7.5% in Q2 2026 vs. prior year, driven by lower transaction volumes amid consumer spending pressure. Company lowered full-year 2026 domestic comp guidance to a decline of 4% to 6%.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Added 102 net new restaurants in Q2 2026, bringing system-wide total to 3,255 locations (up 16% year-over-year). Company reiterated full-year global unit growth guidance of 15% to 16%.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Q2 2026 net income rose 16.9% to $31.3 million ($1.15 per diluted share) despite comp decline, aided by lower bone-in chicken wing costs. Company-owned restaurant cost of sales improved to 73.3% from 75.2%.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Board declared quarterly dividend of $0.33 per share (up from $0.30 prior quarter), payable September 5, 2026 to shareholders of record August 15, 2026.
Item 8.01 — Other Events verify on EDGAR → -
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Jonathan Truppman appointed Chief Legal Officer and Secretary effective August 24, 2026, joining executive leadership team. Previously served as General Counsel at Flow and held chief legal roles at ODDITY Tech and Casper Sleep.
Item 8.01 — Other Events verify on EDGAR →
Summary
Wingstop reported Q2 2026 results that highlight a sharp divergence between unit growth momentum and same-store sales performance. Domestic comps fell 7.5% year-over-year as transaction volumes declined amid consumer spending pressure, prompting management to lower full-year 2026 domestic same-store sales guidance to a decline of 4% to 6%.
The comp weakness stands in contrast to robust development: the company added 102 net new restaurants in the quarter, bringing the system-wide total to 3,255 locations (up 16% year-over-year), and reiterated its 15% to 16% global unit growth target. Despite the top-line headwind, profitability improved.
Net income rose 16.9% to $31.3 million ($1.15 per diluted share), driven by lower bone-in chicken wing costs that compressed company-owned restaurant cost of sales to 73.3% from 75.2%. The board declared a $0.33 quarterly dividend (up from $0.30 prior quarter), reflecting confidence in cash flow generation. The company also appointed Jonathan Truppman as Chief Legal Officer effective August 24, 2026. For investors, the key tension is whether aggressive unit expansion can offset sustained same-store sales weakness, and whether the current consumer spending environment represents a cyclical trough or a more structural shift in traffic patterns.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Wingstop reported Q2 FY2026 financial results for the quarter ended June 27, 2026, furnished via press release.
Added in current filing · verify on EDGAR →
On July 29, 2026, Wingstop Inc. (the “Company,” “we,” “our,” or “us”) issued a press release reporting the Company’s financial results for its fiscal second quarter ended June 27, 2026.
Wingstop announced its financial results for the fiscal second quarter ended June 27, 2026. The press release is attached as Exhibit 99.1 and uses both GAAP measures (net income, earnings per diluted share) and non-GAAP measures (EBITDA, Adjusted EBITDA, Adjusted net income, Adjusted earnings per diluted share). This 8-K filing furnishes the results under Item 2.02 and is not deemed 'filed' for Exchange Act purposes.
Added in current filing · verify on EDGAR →
We define “EBITDA” as net income before interest expense, net, income tax expense (benefit), and depreciation and amortization. We define “Adjusted EBITDA” as EBITDA further adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, certain restructuring charges, and stock-based compensation expense.
The company disclosed its definitions of EBITDA and Adjusted EBITDA, which management uses to measure operating performance, plan budgets, evaluate strategies, assess capital expenditure capacity, and calculate employee incentive compensation. These non-GAAP measures exclude items management believes are not part of normal day-to-day operations, enabling period-over-period comparisons.
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Adjusted net income represents net income adjusted for losses on debt extinguishment and financing transactions, transaction costs, costs and fees associated with investments in our strategic initiatives, gains and losses on non-recurring transactions, certain system implementation costs, certain restructuring charges, and related tax adjustments that management believes are not indicative of the Company’s core operating results or business outlook over the long-term. Adjusted earnings per diluted share is defined as adjusted net income divided by weighted average diluted share count.
The company defined Adjusted net income and Adjusted earnings per diluted share as supplemental measures that exclude items management believes are not indicative of core operating results or long-term business outlook. Management uses these measures to evaluate performance period-over-period and relative to competitors.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 28, 2026, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.33 per share of common stock. The dividend is payable on September 5, 2026 to stockholders of record as of the close of business on August 15, 2026.
The Board declared a quarterly cash dividend of $0.33 per share, payable September 5, 2026 to shareholders of record as of August 15, 2026. This represents a routine capital return to shareholders, though the filing notes future dividends remain subject to Board discretion.
Event · Exhibit 99.1
Wingstop reported Q2 2026 results with 102 net new openings but a 7.5% domestic same-store sales decline, lowered full-year guidance, and declared a $0.33 quarterly dividend.
Added in current filing · view on EDGAR →
Domestic same store sales decreased 7.5% vs. Q2 2025 ... Total revenue of $185.6 million, an increase of 6.4%, vs. Q2 2025 ... Net income, increased 16.9% to $31.3 million, or $1.15 per diluted share ... Adjusted net income1 and adjusted earnings per diluted share1, both non-GAAP measures, increased 14.9% to $32.1 million, or $1.18 per diluted share; and ... Adjusted EBITDA1, increased 12.5% vs. Q2 2025 to $66.6 million
Wingstop reported Q2 2026 total revenue of $185.6 million (up 6.4% year-over-year), net income of $31.3 million ($1.15 per diluted share, up 16.9%), and adjusted EBITDA of $66.6 million (up 12.5%). However, domestic same-store sales declined 7.5% versus Q2 2025, driven by lower transaction volumes reflecting continued pressure on consumer spending. The revenue growth came from 102 net new restaurant openings during the quarter, offsetting the same-store sales weakness.
Added in current filing · view on EDGAR →
The Company is providing updated guidance for 2026:
•A decline of 4% to 6% in domestic same store sales growth;
•SG&A of between $140 - $143 million, which includes $3 million of restructuring charges related to corporate realignment;
•Stock-based compensation expense of approximately $24 million; and
•Depreciation and amortization of approximately $33 million.
Wingstop lowered its full-year 2026 domestic same-store sales guidance to a decline of 4% to 6%, reflecting the weaker-than-expected Q2 performance and ongoing consumer spending pressure. The company also updated SG&A guidance to $140-$143 million, which includes $3 million of restructuring charges related to a corporate realignment announced in January 2026. The company reiterated its global unit growth guidance of 15% to 16% and interest expense guidance of approximately $43 million.
Added in current filing · view on EDGAR →
In recognition of our strong cash flow generation and our commitment to returning value to stockholders, on July 28, 2026, our board of directors authorized and declared a quarterly dividend of $0.33 per share of common stock, resulting in a total dividend of approximately $9.0 million. This dividend will be paid on September 5, 2026 to stockholders of record as of August 15, 2026.
The board declared a quarterly dividend of $0.33 per share (totaling approximately $9.0 million), payable September 5, 2026 to shareholders of record as of August 15, 2026. This represents an increase from the $0.30 per share dividend paid in the prior quarter and the $0.27 per share paid in the year-ago quarter, reflecting the company's strong cash flow generation despite same-store sales headwinds.
Added in current filing · view on EDGAR →
Cost of sales was $25.1 million compared to $24.4 million in the prior second quarter. As a percentage of company-owned restaurant sales, cost of sales decreased to 73.3% from 75.2% in the prior second quarter. The decrease as a percentage of company-owned restaurant sales was primarily driven by a decline in food, beverage and packaging costs, reflecting a decrease in the cost of bone-in chicken wings as compared to the prior second quarter.
Company-owned restaurant cost of sales improved to 73.3% of sales from 75.2% in the prior-year quarter, driven primarily by lower bone-in chicken wing costs. Food, beverage and packaging costs declined to 35.2% of sales from 36.8%. This margin improvement helped drive the 16.9% increase in net income despite the 7.5% same-store sales decline.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify