Wingstop Inc. reports results on Wednesday 28 October, before the market opens. Growth is coming with wider margins, so profit is rising faster than sales. Revenue over the twelve months to Q2 2026 was $720.7 million, which rose 7.6% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $1.09 | $0.92 |
| Dec '25 | $1.00 | $0.83 |
| Mar '26 | $1.18 | $1.03 |
| Jun '26 | $1.18 | $1.02 |
What analysts expect
Today’s growth rate sits near the bottom of the company’s own record. The analysts’ average EPS estimate for the quarter is $1.02, in a range from $0.92 to $1.10, while the average revenue estimate stands at $193.1 million. For the full year, the average EPS estimate is $4.39, which would be up 7.6% on last year (based on 26 analysts). That estimate has fallen 3.5% over the past 90 days. Of the analysts’ recommendations, 22 are positive, 6 neutral and 0 negative.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 8.6%. Its estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 4 of the last 4 quarters. Last quarter, EPS of $1.18 compared with an estimate of $1.02, above it by 15.4%.
The trends going in
Reported cash is holding up better than reported profit. That growth rate was down 1.4 percentage points on the rate a quarter earlier. The trailing operating margin was 27.9%, up 3.2 percentage points from a year earlier, while the trailing net margin was 16.2%. Net income over the twelve months was $116.4 million, which fell 32.1% on the year before.
Cash flow
Operating cash flow over the twelve months was $189.5 million, up 74.4% on the year before. Capital spending was $61.0 million, or 8.5% of revenue. Free cash flow, operating cash flow less capital spending, was $128.5 million, up 130.3% on the year before. The free-cash-flow margin was 17.8% of revenue, up 9.5 percentage points from a year earlier. The average diluted share count fell 3.9% over the year.
In context
Measured against its own history: today’s free-cash-flow margin of 17.8% is higher than 50% of the company’s own past quarterly readings, which have ranged from 4.8% to 24.2%. Today’s operating margin of 27.9% is higher than 91% of past readings (20.1% to 32.2%). Today’s twelve-month revenue growth rate of 7.6% is below every past reading (9.0% to 45.9%).
Questions this report will answer
Whether the slowdown in revenue growth continues. Whether results land above or below the analysts’ expectations set out above. At the same time, whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
The valuation angle
Our model translates these figures into value. In our model, growth 5 percentage points lower would lower the value by 39.3%, and 5 percentage points higher would raise it by 51.2%. A free-cash-flow margin 1 percentage point lower would lower it by 8.9%.
