Wingstop
Franchises and operates cooked-to-order chicken-wing restaurants centered on flavor.
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Profile
Offers classic and boneless wings, tenders, chicken sandwiches, fries, and dips. Revenue comes chiefly from franchise royalties and fees, alongside a small base of company-owned domestic restaurants.
Built around classic and boneless wings, tenders, chicken sandwiches, seasoned fries, and dips, orders are cooked to order and hand sauced and tossed across a choice of flavors.
Most restaurants are franchised, making royalty and fee income the core model; company-owned restaurants form a small domestic base. The system is concentrated in the United States, with international franchised restaurants extending its footprint.
Execution depends on franchise partners, food supply, and digital ordering and kitchen systems. Michael J. Skipworth is President and Chief Executive Officer.
Reporting is organized as one reportable segment.
Company facts
Categories
Key statistics
Year to date −55.8% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Bernstein | Downgrade | Outperform | Market Perform | $350 | $155 |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Overweight | $255 | $238 | |
| Jul 30, 2026 | D.A. Davidson | Target | $200 | $190 | ||
| Jul 30, 2026 | BTIG | Target | $305 | $265 | ||
| Jul 29, 2026 | Piper Sandler | Target | $375 | $173 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.02 | $1.18 | +15.7% | $190.2M | $185.6M | −2.5% | +3.40% |
| Apr 29, 2026Q1 FY26 | $1.02 | $1.18 | +15.7% | $187.8M | $183.7M | −2.2% | −4.18% |
| Feb 18, 2026Q4 FY25 | $0.84 | $1.00 | +19.0% | $177.6M | $175.7M | −1.1% | −6.84% |
| Nov 4, 2025Q3 FY25 | $0.91 | $1.09 | +19.8% | $177.7M | $175.7M | −1.1% | +6.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $171.1M | $174.3M | $175.7M | $175.7M | $183.7M | $185.6M | |
| Gross profit | $142.0M | $143.7M | $145.2M | $144.8M | $152.2M | $84.9M | |
| Operating income | $46.6M | $46.8M | $51.0M | $47.8M | $53.3M | $54.6M | |
| Net income | $92.3M | $26.8M | $28.5M | $26.8M | $29.9M | $31.3M | |
| Diluted EPS | $3.24 | $0.96 | $1.02 | $0.96 | $1.08 | $1.15 | |
| Gross margin | 83.0% | 82.4% | 82.6% | 82.4% | 82.8% | 45.7% | |
| Operating margin | 27.2% | 26.8% | 29.0% | 27.2% | 29.0% | 29.4% |
Fiscal years (4-quarter sums)FY21 $282.5M · FY22 $357.5M · FY23 $460.1M · FY24 $625.8M · FY25 $696.9M
Revenue by product · Q2 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $127.5M · Total debt $1.27B · Total assets $658.0M · Shareholders' equity −$773.0M
Dividends
Raised for 8 straight years — most recently to $0.33 from $0.30 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 15 | Sep 5 | $0.33 | raised from $0.30 |
| May 15, 2026 | May 15 | Jun 5 | $0.30 | |
| Mar 6, 2026 | Mar 6 | Mar 27 | $0.30 | |
| Nov 21, 2025 | Nov 21 | Dec 12 | $0.30 | |
| Aug 15, 2025 | Aug 15 | Sep 5 | $0.30 | raised from $0.27 |
| May 16, 2025 | May 16 | Jun 6 | $0.27 | |
| Mar 7, 2025 | Mar 7 | Mar 28 | $0.27 | |
| Nov 15, 2024 | Nov 15 | Dec 6 | $0.27 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 27.24M · Float 25.52M · 93.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 4.09M | 15.02% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 2.78M | 10.19% | 13F | Aug 7, 2026 |
| Darsana Capital Partners LP | 1.50M | 5.51% | 13F | Aug 14, 2026 |
| Massachusetts Financial Services Co /MA/ | 1.31M | 4.80% | 13F | Aug 3, 2026 |
| T. Rowe Price Investment Management, Inc. | 1.24M | 4.55% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Christopher Fallon | officer: Former SVP & CIO | −250 | $125.93 |
| Mar 10, 2026 | Christopher Fallon | officer: SVP, Chief Information Officer | −177 | $220.78 |
| Feb 25, 2026 | Kilandigalu Madati | director | −2,700 | $260.73 |
| Feb 23, 2026 | Wesley S. Mcdonald | director | −566 | $250.00 |
| Nov 25, 2025 | Kilandigalu Madati | director | −269 | $259.97 |
Peers
- Restaurant Brands International
Popeyes adds chicken sandwiches and permanent chicken wing flavors
- Yum! Brands
KFC's global chicken QSR network overlaps in core chicken occasions
- Domino's Pizza
Delivery and carryout pizza orders that include chicken wings
- Papa Johns
Pizza delivery and chicken wings for shared off-premise meals
- El Pollo Loco
Fire-grilled chicken, tenders and family meals in Western U.S. markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wingstop | $113.85 | +0.18% | $3.09B | 27.0 | 23.8 | 4.3 | +6.4% |
| Restaurant Brands International | $78.50 | +0.29% | $27.15B | 23.1 | 18.5 | 2.8 | +4.6% |
| Yum! Brands | $153.86 | 0.00% | $42.41B | 19.3 | 22.6 | 4.9 | +12.2% |
| Domino's Pizza | $348.74 | −0.38% | $11.58B | 19.9 | 17.3 | 2.3 | +4.3% |
| Papa Johns | $23.90 | +0.80% | $780.4M | 30.0 | 20.6 | 0.4 | −8.8% |
| El Pollo Loco | $15.31 | +0.07% | $466.3M | 13.1 | 14.9 | 0.9 | +3.0% |
| Median | 19.9 | 18.5 | 2.3 | +4.3% |