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Wingstop shares plunge 66% despite rising revenue and earnings

In its latest quarter, Wingstop reported revenue of $185.6 million, up 6.4% year over year, while domestic same-store sales fell and management cited weaker transaction volumes and consumer spending pressure.

Reported · Written up by our desk · Results

Wingstop is still posting growth at the business level, but its stock has sharply underperformed as domestic demand has softened, according to MarketBeat Ratings. Shares have dropped about 66% from a 52-week high near $346 to around a 52-week low near $116, even as revenue and earnings have continued to rise.

In the most recent quarter, Wingstop reported revenue of $185.6 million, up 6.4% year over year. Net income increased 16.9% to $31.3 million, or $1.15 per diluted share, and adjusted net income rose 14.9% to $32.1 million, or $1.18 per diluted share, alongside adjusted EBITDA growth of 12.5% to $66.6 million.

The company’s financial results stand in contrast to a deterioration in domestic same-store sales. U.S. comparables fell 5.8% in the fourth quarter of 2025, worsening from a 3.3% full-year decline, and domestic same-store sales were down 7.5% in the second quarter of 2026, with management pointing to lower transaction volumes and pressure on consumer spending.

MarketBeat Ratings also notes that Wingstop continued to expand units and improve overall system performance, with system-wide sales rising 12.1% to $5.3 billion and revenue up 11.4% to $696.9 million in 2025, plus 493 net new restaurants. It ended 2025 with 3,056 locations worldwide, a 19.2% unit growth rate, while domestic average sales per unit were around $2 million.

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