Quarterly ResultApr 29, 2026, 04:35 PM
WING Q1 Revenue +7.4% to $183.7M; Net Income $29.9M; $300M Buyback
AI Summary
Wingstop Inc. reported a 7.4% increase in total revenue to $183.7 million for the first quarter of 2026, with system-wide sales growing 5.9% to $1.4 billion. Net income, however, decreased by 67.6% to $29.9 million, or $1.08 per diluted share, primarily due to a non-recurring gain on investment sale in the prior year. Adjusted net income, a non-GAAP measure, increased 14.7% to $32.5 million. The company's Board of Directors also authorized an additional $300 million for its share repurchase program.
Key Highlights
- Board authorized an additional $300 million for share repurchase program.
- Total revenue increased 7.4% to $183.7 million for Q1 2026.
- Net income decreased 67.6% to $29.9 million for Q1 2026.
- Diluted EPS was $1.08, down from $3.24 in Q1 2025.
- Adjusted net income increased 14.7% to $32.5 million.
- System-wide sales increased 5.9% to $1.4 billion.
- Domestic same store sales decreased 8.7%.
- Opened 97 net new restaurants system-wide in Q1 2026.
- Declared a quarterly dividend of $0.30 per share.