WING Q1 Net Income -67.6% to $29.9M; System-Wide Sales +5.9% to $1.4B

Wingstop Inc. reported a significant decrease in Q1 2026 net income by 67.6% to $29.9 million, or $1.08 per diluted share, compared to the prior year. However, adjusted net income increased by 14.7% to $32.5 million, or $1.18 per diluted share. System-wide sales grew 5.9% to $1.4 billion, driven by 97 net new restaurant openings, despite an 8.7% decrease in domestic same-store sales. The Board also authorized an additional $300 million for share repurchases and declared a quarterly dividend of $0.30 per share.