Capital investment and capacitynegative · 4 filings
“The increase in depreciation and amortization was primarily due to capital expenditures placed in service during the period related to our technology investments.”10-Q · Apr 29, 2026 ↗
Wingstop Inc.
WING
Market read
Wingstop Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
What changed
- Revenue increased 7.4% versus the comparable filing period.
- Net income decreased 67.6% versus the comparable filing period.
Company+5.9% todayVolume comparison unavailable
Market group0 of 1 activeRestaurants · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- WING's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if WING's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 7.4% versus the comparable filing period.
- Operating margin improved 5.1 percentage points.
- Operating cash flow covered net income at 2.05x, improving versus the comparable period.
Evidence that challenges
- Net income decreased 67.6% versus the comparable filing period.
- Net margin fell 37.7 percentage points.
What would clarify the read
- WING's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements54
Verified relationships0
Evidence supporting the case
- Latest annual revenue changed +11.4% year over year.
- Net margin changed +7.6 percentage points in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 20% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 440% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
117.126m-39.4%12m-58.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-25$282.5M+13.5%$1.42+0.5%
2022-12-31$357.5M+26.6%$1.77+0.1%
2023-12-30$460.1M+28.7%$2.35-0.4%
2024-12-28$625.8M+36.0%$3.70-1.6%
2025-12-27$696.9M+11.4%$6.21-4.5%
What management says matters
Persistent and emerging business drivers
Credit and interest ratespositive · 4 filings
“Interest expense, net During the thirteen weeks ended March 28, 2026, interest expense, net increased to $9.8 million from $8.9 million in the prior year period, primarily driven by a $0.6 million decline in interest income due to lower average cash balances…”10-Q · Apr 29, 2026 ↗
Restructuring and cost reductionsnegative · 1 filings
“The increase in SG&A expense was primarily driven by $2.4 million in restructuring charges during the fiscal first quarter 2026 related to the corporate realignment announced in January 2026, partially offset by lower system implementation costs and other exp…”10-Q · Apr 29, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.7× · EV/sales 6.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
117.12+5.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WING. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-29 against the comparable filing from 2025-04-30.
OperationsmixedEvidence score +1
liquidityconstructiveEvidence score +1
valuationmixed
What improved
- Revenue increased 7.4% versus the comparable filing period.
- Operating margin improved 5.1 percentage points.
- Operating cash flow covered net income at 2.05x, improving versus the comparable period.
What weakened
- Net income decreased 67.6% versus the comparable filing period.
- Net margin fell 37.7 percentage points.
Filing receipts
“Interest expense, net During the thirteen weeks ended March 28, 2026, interest expense, net increased to $9.8 million from $8.9 million in the prior year period, primarily driven by a $0.6 million decline in interest income due to lower average cash balances and $0.3 million of additional interest expense.”
“This decrease as a percentage of company-owned restaurant sales was primarily due to a 13.1% decrease in the cost of bone-in chicken wings as compared to the prior year period.”
“The increase in SG&A expense was primarily driven by $2.4 million in restructuring charges during the fiscal first quarter 2026 related to the corporate realignment announced in January 2026, partially offset by lower system implementation costs and other expenses compared to the prior year period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind WING
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WING is currently a Leader in the organic co-movement group Restaurants. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for WING; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.