Wingstop Q1 same-store sales drop 8.7%, net income falls 67.6% despite lower wing costs

Filed April 29, 2026 · Period ending March 28, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Domestic same-store sales fell 8.7% vs. 0.5% growth a year ago, driving average unit volumes down from $2.1M to $2.0M per restaurant and signaling weaker traffic or pricing pressure across the system.

  MD&A: Same-Store Sales verify on EDGAR →
• high

  Net income dropped 67.6% to $29.9M from $92.3M, primarily due to the absence of last year's $92.5M one-time gain from selling the UK franchisee stake; adjusted net income actually rose 14.7%.

  MD&A: Net Income verify on EDGAR →
• medium

  Bone-in wing costs fell 13.1% year-over-year, improving food costs to 35.8% of sales from 37.4%, a tailwind offsetting some same-store sales pressure at company-owned locations.

  MD&A: Food Costs verify on EDGAR →