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Wingstop and PopUp Bagels Team Up on "Lemon Pepper Schmear" for Bold Flavor, All Day Long

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
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Wingstop (NASDAQ: WING) and PopUp Bagels launched a limited-edition "Lemon Pepper Schmear", combining Wingstop's Lemon Pepper seasoning with PopUp Bagels' cream cheese. The collaboration brings Wingstop's citrusy, pepper-forward flavor to PopUp Bagels' menu for a morning-to-game-day experience. The schmear is available at all PopUp Bagels locations beginning Jan. 29, 2026 while supplies last, aiming to extend a popular Wingstop flavor into a new serving occasion.

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Positive

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Negative

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News Market Reaction

+1.58%
1 alert
+1.58% News Effect

On the day this news was published, WING gained 1.58%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Collaboration start date: Jan. 29, 2026
1 metrics
Collaboration start date Jan. 29, 2026 Lemon Pepper Schmear availability at all PopUp Bagels locations

Market Reality Check

Price: $273.70 Vol: Volume 546,148 is slightl...
normal vol
$273.70 Last Close
Volume Volume 546,148 is slightly below the 20-day average of 581,067 (relative volume 0.94x). normal
Technical Shares at $264.20 trade below the 200-day MA of $284.35 and sit 31.93% under the 52-week high of $388.14.

Peers on Argus

Wingstop fell 2.24% while peers were mixed: CAVA -3.84%, SHAK -1.39%, BROS -0.49...

Wingstop fell 2.24% while peers were mixed: CAVA -3.84%, SHAK -1.39%, BROS -0.49%, but CAKE +5.47% and EAT +0.49%. With no peers in the momentum scanner, the move screens as stock-specific rather than a clear sector rotation.

Common Catalyst Only one peer, Cheesecake Factory, had same-day promotional news, suggesting no broad restaurant-wide news theme.

Historical Context

5 past events · Latest: Jan 20 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 20 Menu flavor launch Positive -2.2% Introduced limited-time Hot Honey Trio flavors across channels.
Jan 16 Earnings date set Neutral +2.1% Announced Q4 and full-year 2025 results date and conference call.
Nov 26 Development milestone Positive -1.5% Opened 3,000th restaurant and detailed global expansion progress.
Nov 13 Menu flavor launch Positive -2.6% Launched Fiery Lime limited-time flavor with tequila pairing.
Nov 04 Earnings report Positive +10.9% Reported Q3 2025 growth in sales, revenue and record Adjusted EBITDA.
Pattern Detected

Flavor and promotional launches have often coincided with short-term share price declines, while core earnings events drew stronger positive reactions.

Recent Company History

Over the last several months, Wingstop has balanced menu innovation with rapid expansion and solid financials. On Nov 4, 2025, fiscal Q3 results showed revenue of $175.7M and Adjusted EBITDA of $63.7M, with the stock rising 10.86%. Development strength was highlighted on Nov 26, 2025 with the opening of the 3,000th restaurant, though shares slipped 1.48%. Recent limited-time flavors on Nov 13, 2025 and Jan 20, 2026 both saw modest post-news pullbacks, framing today’s collaboration as part of an ongoing brand-building and flavor-driven marketing strategy ahead of the upcoming earnings date on Feb 18, 2026.

Market Pulse Summary

This announcement extends Wingstop’s branding by translating its signature Lemon Pepper seasoning in...
Analysis

This announcement extends Wingstop’s branding by translating its signature Lemon Pepper seasoning into a PopUp Bagels cream cheese schmear, available from Jan. 29, 2026. It builds on a series of limited-time flavor initiatives aimed at broadening use occasions around major sporting events. In the broader context of rapid unit expansion and upcoming earnings, investors may watch how such collaborations affect traffic, brand awareness, and cross-daypart relevance over time.

AI-generated analysis. Not financial advice.

Two brands known for driving fan obsession come together for a bold new spread

DALLAS, Jan. 22, 2026 /PRNewswire/ -- Wingstop (NASDAQ: WING) and PopUp Bagels®, two brands known for unapologetic flavor, are collaborating on a limited-edition "Lemon Pepper Schmear" that delivers bold flavor to morning routines before carrying that crave into game day and beyond.

Available at all PopUp Bagels locations from Jan. 29 until supplies last, the Wingstop-inspired "Lemon Pepper Schmear" brings one of Wingstop's most iconic flavors to PopUp Bagels' signature cream cheese spread. Made with Wingstop's Lemon Pepper seasoning, the schmear delivers the same citrusy kick and pepper-forward heat fans love from Wingstop's fresh, made to order wings.

Wingstop's Lemon Pepper wings have long been a go-to order for fans who crave bold flavor, from everyday meals to game-day gatherings. Just in time for the Big Game, this collaboration extends that flavor into a new moment, giving fans another way to experience Lemon Pepper while reinforcing the taste that defines Wingstop.

"When two viral brands come together, bold flavor is the only move – and that's exactly why our famous Lemon Pepper was the perfect fit," said Michael Skipworth, President and CEO of Wingstop. "This collaboration lets fans take their obsession with one of the most iconic flavors in our lineup from a morning bagel straight to their wing order."

"We don't collaborate just to collaborate," said Adam Goldberg, Founder of PopUp Bagels. "Wingstop's Lemon Pepper is one of those flavors people instantly recognize, and the fun for us was figuring out how to translate it into a schmear that actually works on a hot bagel and fits naturally into our Grip, Rip and Dip® experience."

Fans can order the "Lemon Pepper Schmear" starting Jan. 29 at all PopUp Bagels locations.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 3,000 restaurants worldwide – with 98% of the total restaurant count owned by brand partners. Dedicated to Serving the World Flavor, the Flavor Experts offer cooked-to-order and hand sauced-and-tossed classic and boneless wings, tenders and chicken sandwiches, in fans' choice of 12 bold, distinctive flavors, with signature sides and iconic housemade ranch and bleu cheese dips. With approximately $5 billion in system-wide sales in fiscal 2024, 21 consecutive years of same-store sales growth and a vision to become a Top 10 Global Restaurant Brand, Wingstop was recently named the Official Chicken Partner of the NBA. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

About PopUp Bagels
At PopUp Bagels, our mission is fueled by passion and dedication: to craft unmistakably perfect bagels with no frills, using the essence of simplicity - crispy crusts, soft crumb centers, and an ideal proportion of seeds. Every bagel is a product of precision, from the high-quality ingredients in our dough to the meticulous proofing process and expert bake that achieves the perfect texture and flavor. Our commitment to quality goes beyond the bagel itself - innovating with top brands, chefs, and tastemakers to create epic schmears that elevate the cream cheese experience with bold, unexpected flavors.

What started as a local sensation, founded by Adam Goldberg in Westport, CT, has quickly grown into a celebrated name. It has earned acclaim from bagel lovers and industry experts alike and led to a nationwide expansion. No sandwiches here - we serve our bagels fresh from the oven, hot and whole, to Grip, Rip and Dip. Loyal fans enjoy our bagels right from the bag, or they can be taken home or to the park to enjoy in endless ways. Follow our story on Instagram or our website, and come try for yourself how every bagel crafted is a testament to our commitment to perfection.

Media Contact
Kyra Harbert
media@wingstop.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wingstop-and-popup-bagels-team-up-on-lemon-pepper-schmear-for-bold-flavor-all-day-long-302667304.html

SOURCE Wingstop Restaurants Inc.

FAQ

What is the Wingstop x PopUp Bagels "Lemon Pepper Schmear" and when does it launch?

The limited-edition "Lemon Pepper Schmear" blends Wingstop's Lemon Pepper seasoning into PopUp Bagels' cream cheese and launches on Jan. 29, 2026 while supplies last.

Will the Lemon Pepper Schmear be available at all PopUp Bagels locations (WING)?

Yes, the schmear is available at all PopUp Bagels locations starting Jan. 29, 2026, until supplies last.

How does the Lemon Pepper Schmear relate to Wingstop's menu (WING)?

The schmear uses Wingstop's signature Lemon Pepper seasoning to replicate the citrusy, pepper-forward flavor fans know from Wingstop wings.

Is the Wingstop x PopUp Bagels collaboration a permanent menu item for WING?

No, the product is a limited-edition offering at PopUp Bagels available only while supplies last.

Why might investors care about the Wingstop and PopUp Bagels collaboration (WING)?

The collaboration extends Wingstop flavor into a new channel, potentially increasing brand visibility and fan engagement ahead of major events like the Big Game.
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