Filing Flows › Wingstop (WING) › Q1 2026
Wingstop (WING) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Wingstop (WING) reported revenue of $184M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +5% from the quarter before. Operating margin was 27.4%, net earnings $29.9M (16.3% of revenue).
Wingstop, Q1 2026: revenue $184M (+7% year over year), operating margin 27.4%, net earnings $29.9M, operating cash flow $61.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $184M | +5% | +7% |
| Operating profit | $50.4M | +8% | +32% |
| Net earnings | $29.9M | +12% | -68% |
| Operating cash flow | $61.4M | +7% | +143% |
| Free cash flow | $43.7M | +27% | +153% |
What changed
Revenue was $183.7M in Q1 2026, up 7% year over year and up 5% from the previous quarter. Royalty revenue, franchise fees and other was the largest line at 48% of revenue. Royalty revenue, franchise fees and other added $8.7M year over year (up 11%), 69% of the total change.
Operating profit was $50.4M, a 27.4% margin (up 5.1 points year over year). Of the extra revenue versus Q1 2025, 96% reached operating profit, above the 22% margin then. Total costs grew 0% against revenue growth of 7%. Net earnings were $29.9M, down 68% year over year. The effective tax rate was 26.3%.
Operating cash flow was $61.4M (up 143% year over year), 205% of net earnings. Non-cash charges added back $6.8M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $19.8M. Capital expenditures of $17.7M left free cash flow of $43.7M.
Questions
What was Wingstop's revenue in the first quarter 2026?
Wingstop (WING) reported revenue of $184M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +5% from the quarter before.
Was Wingstop profitable in the first quarter 2026?
Operating profit was $50.4M (27.4% of revenue) and net earnings $29.9M.
Source: Wingstop 10-Q on SEC EDGAR.