Every material Form 8-K Wingstop has filed with the SEC since October 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Wingstop reported fiscal third-quarter 2026 results, with total revenue up 5.3% and GAAP net income up 2.2%, while domestic same store sales declined 5.4%. The company updated its 2026 outlook to a domestic same store sales decline of about 6.5% to 7%, and its board declared a $0.33 quarterly dividend.
Total revenue of $185.1 million, up from $175.7 million; net income of $29.1 million, or $1.07 per diluted share
Adjusted net income of $29.3 million, or $1.08 per diluted share, down 3.5% in adjusted net income terms versus the prior-year quarter
2026 guidance: domestic same store sales decline of approximately 6.5% to 7%, and 440 to 450 global net new units
Quarterly dividend of $0.33 per share, payable December 4, 2026 to holders of record as of November 13, 2026
Wingstop said Senior Vice President and Chief Brand and People Officer Donnie Upshaw resigned from his positions, effective September 10, 2026, to pursue another opportunity. The company said the departure does not stem from any disagreement over its operations, policies, or practices.
Donnie Upshaw resigned from his positions as SVP and Chief Brand and People Officer, notified the company on August 24, 2026.
Resignation takes effect September 10, 2026.
The filing states the departure is not the result of any disagreement with the company on operations, policies, or practices.
Wingstop increased its board from ten to eleven members and elected Jay Snowden, CEO and President of PENN Entertainment, as an independent Class II director effective August 6, 2026. Snowden joins the Audit and Compensation Committees, which gives the board a new member with senior casino and gaming leadership experience.
Board size increased from ten to eleven members; Snowden fills the new seat effective immediately on August 6, 2026
Snowden receives $100,000 in annual cash compensation for board service
Restricted stock grant valued at approximately $112,500 vests on May 21, 2027
Snowden has been CEO and President of PENN Entertainment since January 2020
Wingstop reported fiscal second quarter 2026 results for the quarter ended June 27, 2026, with total revenue up 6.4% to $185.6 million and net income up 16.9% to $31.3 million, or $1.15 per diluted share. Domestic same store sales fell 7.5%, and the company updated its 2026 guidance to call for a 4% to 6% decline in domestic same store sales. The filing also declared a $0.33 quarterly dividend and announced Jonathan Truppman as chief legal officer, effective August 24, 2026.
Net income of $31.3 million, up from $26.8 million; diluted EPS of $1.15 versus $0.96 a year earlier.
Adjusted EPS of $1.18 versus $1.00; Adjusted EBITDA of $66.6 million, up 12.5%.
Updated 2026 guidance: domestic same store sales decline of 4% to 6%; SG&A of $140 million to $143 million.
Quarterly dividend of $0.33 per share, payable September 5, 2026, to holders of record as of August 15, 2026.
Wingstop reported fiscal first-quarter 2026 revenue of $183.7 million, up 7.4%, and adjusted EPS of $1.18, up from $0.99. GAAP net income fell to $29.9 million from $92.3 million because the prior-year period included a $97.2 million gain on the sale of its LPH stake, and domestic same store sales declined 8.7%. The company also updated its 2026 outlook to a low-single digit decline in domestic same store sales and declared a $0.30 quarterly dividend.
Total revenue $183.7 million vs. $171.1 million; net income $29.9 million, or $1.08 per diluted share, vs. $92.3 million, or $3.24, a year earlier
Adjusted net income $32.5 million and adjusted EPS $1.18 vs. $0.99; Adjusted EBITDA up 9.9% to $65.4 million
Domestic same store sales decreased 8.7%; 97 net new openings in the quarter; 2026 guidance calls for a low-single digit decline in domestic same store sales
Board declared a $0.30 quarterly dividend payable June 5, 2026 to holders of record May 15, 2026; $313.4 million remained under the repurchase program as of March 28, 2026
Wingstop reported fourth-quarter 2025 revenue of $175.7 million, up 8.6%, with GAAP diluted EPS of $0.96 versus $0.92 a year earlier. Domestic same store sales fell 5.8% in the quarter, and the company issued 2026 guidance calling for flat to low-single-digit domestic same store sales growth and 15% to 16% global unit growth. The Board also declared a $0.30 quarterly dividend payable March 27, 2026.
Q4 2025 total revenue $175.7 million, up from $161.8 million; net income $26.8 million, or $0.96 per diluted share, vs. $0.92 a year earlier
Fiscal 2025 net income rose 60.3% to $174.3 million, or $6.21 per diluted share; total revenue $696.9 million, up 11.4%
Q4 domestic same store sales decreased 5.8%; 2026 guidance: flat to low-single-digit domestic same store sales growth and 15% to 16% global unit growth
Quarterly dividend of $0.30 per share declared February 17, 2026, payable March 27, 2026 to holders of record March 6, 2026
Wingstop appointed Rajneesh (Raj) Kapoor, previously President of International, as Chief Operating Officer effective January 7, 2026, restoring the role and giving him oversight of domestic and international franchise development and operations and company-owned restaurants. Two senior executives, Marisa J. Carona and Albert McGrath, had their duties reassigned and will remain employees through March 10, 2026, and will qualify for severance benefits.
Raj Kapoor, 55, named COO on January 7, 2026; base salary $625,000 and fiscal 2026 incentive bonus target $450,000
Kapoor has led International as Senior Vice President since May 2023; previously spent about five years at 7-Eleven, Inc.
Marisa J. Carona (Chief US Franchise Operations and Development Officer) and Albert McGrath (General Counsel and Secretary) had duties reassigned on January 7, 2026
Carona and McGrath remain employees through March 10, 2026; their departures qualify them for severance under the executive severance plan
Wingstop reported fiscal third-quarter 2025 results with total revenue up 8.1% to $175.7 million and net income up 10.7% to $28.5 million, or $1.02 per diluted share. Domestic same store sales fell 5.6%, and the company cut its 2025 domestic same store sales guidance to a decline of approximately 3% to 4% from prior growth of approximately 1%, so shareholders face higher revenue and profit alongside weaker restaurant-level sales expectations. The company also declared a $0.30 quarterly dividend.
Total revenue rose to $175.7 million from $162.5 million; net income rose to $28.5 million from $25.7 million
Domestic same store sales decreased 5.6%; the company now expects a decline of approximately 3% to 4% for 2025, previously approximately 1% growth
Adjusted EBITDA rose 18.6% to $63.7 million; 114 net new restaurant openings in the quarter
Quarterly dividend of $0.30 per share payable December 12, 2025 to holders of record on November 21, 2025
On September 11, 2025, Wingstop's board and compensation committee approved a one-time retention equity award for CEO Michael J. Skipworth, split into performance-based and service-based restricted stock units, each with a stated grant date value of $12.5 million. The company says the awards are meant to retain him and align his interests with stockholders, which is a compensation decision shareholders may weigh when assessing leadership continuity.
Award to CEO Michael J. Skipworth approved September 11, 2025 under the 2024 Omnibus Incentive Plan
45,505 performance-based RSUs with a $12.5 million grant date value; vesting from 0% to 100% based on system-wide sales targets over a 12-month period ending in fiscal Q2 2030
45,505 service-based RSUs with a $12.5 million grant date value; time-based vesting after five years
Wingstop reported fiscal second-quarter 2025 results for the quarter ended June 28, 2025, with total revenue up 12.0% to $174.3 million while GAAP net income fell 2.6% to $26.8 million. The company raised its 2025 global unit growth guidance to 17% to 18% and increased its quarterly dividend to $0.30 per share from $0.27, while domestic same store sales declined 1.9% in the quarter.
Total revenue rose 12.0% to $174.3 million; system-wide sales rose 13.9% to $1.3 billion.
Net income fell 2.6% to $26.8 million; diluted EPS was $0.96 versus $0.93 a year earlier. Adjusted EPS was $1.00.
Domestic same store sales fell 1.9%; the company opened 129 net new restaurants, 19.8% unit growth.
2025 global unit growth guidance raised to 17% to 18% from 16% to 17%; quarterly dividend raised to $0.30, payable September 5, 2025.
Wingstop reported fiscal first-quarter 2025 revenue up 17.4% to $171.1 million and GAAP net income up 221.0% to $92.3 million, or $3.24 per diluted share. The net income figure includes a $97.2 million gain on the sale of its interest in Lemon Pepper Holdings, and adjusted earnings per diluted share were $0.99 versus $0.98 a year earlier. The company cut its 2025 domestic same store sales growth outlook to about 1% from low- to mid-single digits, while raising its global unit growth outlook to 16% to 17%.
Total revenue rose to $171.1 million from $145.8 million; system-wide sales rose 15.7% to $1.3 billion
GAAP net income of $92.3 million, or $3.24 per diluted share, included a $97.2 million gain on the sale of the LPH stake
Adjusted earnings per diluted share were $0.99, compared with $0.98 in the prior-year quarter
2025 guidance: domestic same store sales growth about 1% (previously low- to mid-single digits); global unit growth 16% to 17% (previously 14% to 15%)
Wingstop reported fiscal fourth-quarter 2024 total revenue of $161.8 million, up 27.4%, and net income of $26.8 million, or $0.92 per diluted share, up 42.2%. For fiscal 2024, revenue rose 36.0% to $625.8 million and net income rose 54.9% to $108.7 million, or $3.70 per diluted share, while cost of sales as a percentage of company-owned restaurant sales rose to 76.5% from 73.7%.
Q4 2024 net income was $26.8 million, or $0.92 per diluted share, up 42.2% from $18.8 million a year earlier.
Fiscal 2024 total revenue was $625.8 million, up 36.0%; net income was $108.7 million, or $3.70 per diluted share.
2025 outlook: low- to mid-single digit domestic same store sales growth and global unit growth of 14% to 15%.
Board declared a $0.27 quarterly dividend, payable March 28, 2025, to holders of record on March 7, 2025.
Wingstop's board increased its size from nine to ten members and elected Thomas R. Greco as a Class I director, effective immediately, on December 16, 2024. Greco was also appointed to the Audit and Compensation Committees, and the Board determined he is independent under Nasdaq rules.
Board expanded from nine to ten members; Greco elected Class I director effective December 16, 2024
Annual cash compensation: $80,000 board service, plus $5,000 each for Audit and Compensation Committee service
Pro-rated restricted stock grant valued at approximately $56,274, vesting May 23, 2025
Greco previously served as CEO of Advance Auto Parts (April 2016 to September 2023) and CEO of Frito-Lay North America
Wingstop closed a $500 million securitized financing on December 3, 2024, issuing Series 2024-1 5.858% fixed rate senior secured notes backed by franchise agreements, intellectual property and vendor rebate contracts. The company also increased its variable funding revolver from $200 million to $300 million, and says remaining proceeds may fund general purposes, including share repurchases.
$500 million Series 2024-1 5.858% Class A-2 notes issued December 3, 2024, with anticipated repayment in December 2031 and legal final maturity in December 2054
Variable Funding Notes revolver increased from $200 million to $300 million; the company had not drawn on it as of the closing date
Net proceeds partly used for issuance fees and expenses; remaining proceeds for general corporate purposes, which may include share repurchases
Wingstop and its subsidiaries signed a purchase agreement on November 19, 2024, under which a special purpose subsidiary will issue and sell $500 million of Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2, in a private securitization. The closing is expected on December 3, 2024, subject to closing conditions, and the notes carry an anticipated repayment date in December 2031 with a legal final maturity in December 2054.
$500 million of Series 2024-1 5.858% Fixed Rate Senior Secured Notes, Class A-2, to be issued by Wingstop Funding LLC
Anticipated repayment date in December 2031; legal final maturity in December 2054
If not repaid or refinanced by the anticipated repayment date, additional interest accrues at the greater of 5.00% per annum and a Treasury-based formula plus 5.00% and 1.60%
Closing expected Tuesday, December 3, 2024; Morgan Stanley & Co. LLC and Barclays Capital Inc. are the initial purchasers
Wingstop reported fiscal third-quarter 2024 results on October 30, 2024, with total revenue up 38.8% to $162.5 million and net income up 31.9% to $25.7 million, or $0.88 per diluted share. The company reiterated its guidance of about 20% domestic same store sales growth for 2024, raised its 2024 net new unit outlook, and raised its SG&A and stock-based compensation expense guidance, which will increase costs for shareholders. The board also declared a $0.27 quarterly dividend.
Total revenue increased to $162.5 million from $117.1 million a year earlier; domestic same store sales rose 20.9%.
Diluted EPS was $0.88, up from $0.65; net income was $25.7 million, up from $19.5 million.
2024 guidance for global net new units was raised to 320 to 330 from 285 to 300, and SG&A expense guidance was raised to $117.5 million to $118.5 million from $114 million to $116 million.
The board declared a quarterly cash dividend of $0.27 per share, payable December 6, 2024, to holders of record as of November 15, 2024.
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