Overview
- Wingstop reported first-quarter adjusted earnings of $1.18 per share, topping forecasts, on revenue of $183.7 million that came in below expectations as adjusted EBITDA rose 9.9%.
- Domestic same-store sales fell 8.7% from a year earlier, and shares traded down about 5% after the report as investors focused on the drop in traffic and orders.
- The chain opened 97 net restaurants in the quarter, bringing the system to 3,153 locations and sustaining roughly 17% annual unit growth.
- Management reaffirmed its 2026 view for a low-single-digit decline in U.S. same-store sales and 15% to 16% global unit growth, and guided SG&A to $146 million to $149 million with stock-based pay near $28 million.
- The company declared a 30-cent quarterly dividend payable June 5 and authorized up to an additional $300 million for share repurchases.