Wingstop's stock experienced a pre-market plunge of 5.76% on Wednesday following the release of its first-quarter financial results.

The company reported mixed results, with adjusted earnings per share of $1.18 beating the IBES estimate of $1.03. However, the positive earnings were overshadowed by a 2.2% decline in same-store sales growth for the quarter and guidance for a low-single digit decline in domestic same-store sales growth for 2026.

While Wingstop reiterated its 2026 global unit growth rate guidance of 15%-16%, investors appear focused on the weakening comparable sales performance, leading to the significant pre-market sell-off.