Shake Shack Inc. (SHAK) stock
SHAKNYSERetail-Eating & Drinking PlacesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jul 1, 2026Last filing: 10-Q on Aug 5, 2026Score 13/300% above fair value
$70.48−0.03 (-0.04%)
Close on Oct 30, 2026Market cap $3.02BP/E 75.0Yield –
Earnings
Shake Shack's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Oct 29, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$417.60M
+17.1% on a year earlier
Adjusted pro forma earnings per fully exchanged share—diluted, Q2 FY2026
$0.43
$0.44 a year earlier
Latest guidance
Raised
Jan 12, 2026 · 21 items
Quarterly results
Revenue and earnings per share from each of Shake Shack's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 24, 2026 | Oct 29, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jul 1, 2026 | Aug 5, 2026before the open | $417.60M | +17.1% | $0.37 | $0.43 | Release |
| Q1 FY2026ended Apr 1, 2026 | May 7, 2026before the open | $366.70M | +14.3% | -$0.01 | $0.00 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 26, 2026before the open | $400.50M | +21.8% | $0.28 | $0.37 | Release |
| Q3 FY2025ended Sep 24, 2025 | Oct 30, 2025before the open | $367.40M | +15.9% | $0.30 | $0.36 | Release |
| Q2 FY2025ended Jun 25, 2025 | Jul 31, 2025before the open | $356.50M | +12.6% | $0.41 | $0.44 | Release |
| Q1 FY2025ended Mar 26, 2025 | May 1, 2025before the open | $320.90M | +10.5% | $0.10 | $0.14 | Release |
| Q4 FY2024ended Dec 25, 2024 | Feb 20, 2025before the open | $328.70M | +14.8% | $0.21 | $0.26 | Release |
| Q3 FY2024ended Sep 25, 2024 | Oct 30, 2024before the open | $316.92M | +14.7% | -$0.26 | $0.25 | Release |
| Q2 FY2024ended Jun 26, 2024 | Aug 1, 2024before the open | $316.50M | +16.4% | $0.23 | $0.27 | Release |
| Q1 FY2024ended Mar 27, 2024 | May 2, 2024before the open | $290.50M | +14.7% | $0.05 | $0.13 | Release |
| Q4 FY2023ended Dec 27, 2023 | Feb 15, 2024before the open | $286.20M | +20.0% | $0.15 | $0.02 | Release |
| Q3 FY2023ended Sep 27, 2023 | Nov 2, 2023before the open | $276.20M | +21.2% | $0.19 | $0.17 | Release |
| Q2 FY2023ended Jun 28, 2023 | Aug 3, 2023before the open | $271.80M | +17.8% | $0.16 | $0.18 | Release |
| Q1 FY2023ended Mar 29, 2023 | May 4, 2023before the open | $253.30M | +24.5% | -$0.04 | -$0.01 | Release |
| Q4 FY2022ended Dec 28, 2022 | Feb 16, 2023before the open | $238.50M | +17.3% | -$0.27 | -$0.06 | Release |
| Q3 FY2022ended Sep 28, 2022 | Nov 3, 2022before the open | $227.80M | +17.5% | -$0.05 | -$0.06 | Release |
| Q2 FY2022ended Jun 29, 2022 | Aug 4, 2022before the open | $230.80M | – | -$0.03 | $0.00 | Release |
| Q1 FY2022ended Mar 30, 2022 | May 5, 2022during market hours | $203.40M | – | -$0.26 | -$0.19 | Release |
| Q4 FY2021ended Dec 29, 2021 | Feb 17, 2022during market hours | $203.30M | – | -$0.25 | -$0.11 | Release |
| Q3 FY2021ended Sep 29, 2021 | Nov 4, 2021during market hours | $193.90M | – | -$0.06 | -$0.05 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 5, 2021during market hours | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 6, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2020ended Dec 30, 2020 | Feb 25, 2021during market hours | – | – | – | – | Filing |
| Q3 FY2020ended Sep 23, 2020 | Oct 29, 2020during market hours | – | – | – | – | Filing |
| Q2 FY2020ended Jun 24, 2020 | Jul 7, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Shake Shack's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Licensing revenue | FY2026 | $59.00M – $61.00M | – | Lowered | Jan 12, 2026 |
| Restaurant-level profit marginnon-GAAP | FY2026 | 23% – 23.5% | – | New | Jan 12, 2026 |
| Adjusted EBITDAnon-GAAP | FY2026 | $237.00M – $245.00M | – | New | Jan 12, 2026 |
| Adjusted Pro Forma Tax Ratenon-GAAP | FY2026 | 24% – 25% | – | New | Jan 12, 2026 |
| Company-operated openings | FY2026 | 55 – 60 | – | New | Jan 12, 2026 |
| Depreciation and amortization expense | FY2026 | $128.00M – $132.00M | – | Raised | Jan 12, 2026 |
| Equity-based compensation | FY2026 | $28.00M | – | New | Jan 12, 2026 |
| General and administrative expenses | FY2026 | 12% – 13% | – | New | Jan 12, 2026 |
| Licensed openings | FY2026 | 40 – 45 | – | Lowered | Jan 12, 2026 |
| Net incomeGAAP | FY2026 | $50.00M – $60.00M | – | New | Jan 12, 2026 |
| Pre-opening costs | FY2026 | $25.00M – $27.00M | – | Lowered | Jan 12, 2026 |
Guidance vs results
The last range Shake Shack gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q1 FY2022 | Revenue | $196.00M – $201.40M | $203.40M | Above range |
| Q4 FY2021 | Revenue | $193.50M – $200.00M | $203.30M | Above range |
Guidance history
Every forecast Shake Shack put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Jan 12, 2026 | Adjusted EBITDA | FY2026 | $237.00M – $245.00M | New |
| Jan 12, 2026 | Adjusted EBITDA | FY2025 | $208.00M – $212.00M | New |
| Jan 12, 2026 | Restaurant-level profit margin | FY2025 | 22.5% – 22.7% | New |
| Jan 12, 2026 | Restaurant-level profit margin | Q4 FY2025 | 22.6% – 22.8% | New |
| Jan 12, 2026 | Restaurant-level profit margin | FY2026 | 23% – 23.5% | New |
| Jan 12, 2026 | Pre-opening costs | FY2025 | $18.00M | Lowered |
| Jan 12, 2026 | Net income | FY2025 | $50.00M – $60.00M | New |
| Jan 12, 2026 | Company-operated openings | FY2026 | 55 – 60 | New |
| Jan 12, 2026 | Licensed openings | FY2026 | 40 – 45 | Lowered |
| Jan 12, 2026 | General and administrative expenses | FY2026 | 12% – 13% | New |
| Jan 12, 2026 | Adjusted Pro Forma Tax Rate | FY2026 | 24% – 25% | New |
| Jan 12, 2026 | Equity-based compensation | FY2026 | $28.00M | New |
| Jan 12, 2026 | Depreciation and amortization expense | FY2026 | $128.00M – $132.00M | Raised |
| Jan 12, 2026 | Pre-opening costs | FY2026 | $25.00M – $27.00M | Lowered |
| Jan 12, 2026 | General and administrative expenses | FY2025 | 12.1% – 12.3% | New |
| Jan 12, 2026 | Adjusted Pro Forma Tax Rate | FY2025 | 26% – 27% | New |
| Jan 12, 2026 | Equity-based compensation | FY2025 | $20.00M | New |
| Jan 12, 2026 | Depreciation and amortization expense | FY2025 | $106.00M – $108.00M | Raised |
| Jan 12, 2026 | Net income | FY2026 | $50.00M – $60.00M | New |
| Jan 12, 2026 | Licensing revenue | FY2026 | $59.00M – $61.00M | Lowered |
| Jan 12, 2026 | Total revenue | FY2026 | $1.60B – $1.70B | New |
| Jan 13, 2025 | Same-Shack sales growth | FY2025 | +3% | New |
| Jan 13, 2025 | Adjusted EBITDA | FY2025 | $200.00M – $210.00M | New |
| Jan 13, 2025 | Restaurant-level profit margin | FY2025 | 22% | New |
| Jan 13, 2025 | Company-operated openings | FY2025 | 45 | New |
| Jan 13, 2025 | Licensed openings | FY2025 | 35 – 40 | Lowered |
| Jan 13, 2025 | General and administrative expenses | FY2025 | 11.5% | New |
| Jan 13, 2025 | Adjusted Pro Forma Tax Rate | FY2025 | 24% – 25% | New |
| Jan 13, 2025 | Equity-based compensation | FY2025 | $22.00M | New |
| Jan 13, 2025 | Depreciation and amortization expense | FY2025 | $108.00M – $112.00M | Raised |
| Jan 13, 2025 | Pre-opening costs | FY2025 | $17.00M | Lowered |
| Jan 13, 2025 | Net income | FY2025 | $45.00M – $60.00M | New |
| Jan 13, 2025 | Total revenue | FY2025 | $1.45B – $1.48B | New |
| Jan 13, 2025 | Licensing revenue | FY2025 | $49.00M – $51.00M | Lowered |
| Feb 17, 2022 | Shack-level operating profit margin | Q1 FY2022 | 11% – 14% | New |
| Feb 17, 2022 | Shack sales | Q1 FY2022 | $190.00M – $195.00M | New |
| Feb 17, 2022 | Licensing revenue | Q1 FY2022 | $6.00M – $6.40M | Lowered |
| Feb 17, 2022 | Domestic Company-operated Shack openings | FY2022 | 45 – 50 | New |
| Feb 17, 2022 | Licensed Shack openings | FY2022 | 20 – 25 | Lowered |
| Feb 17, 2022 | Adjusted Pro-Forma Tax Rate | FY2022 | 28% – 30% | New |
| Feb 17, 2022 | Total general and administrative expenses | FY2022 | $108.00M – $114.00M | New |
| Feb 17, 2022 | Equity-based compensation | FY2022 | $13.00M | Lowered |
| Feb 17, 2022 | Depreciation expense | FY2022 | $70.00M – $75.00M | Raised |
| Feb 17, 2022 | Pre-opening costs | FY2022 | $14.00M – $17.50M | Lowered |
| Feb 17, 2022 | Total revenue | Q1 FY2022 | $196.00M – $201.40M | New |
| Nov 4, 2021 | Shack-level operating profit margin | Q4 FY2021 | 14% – 16% | New |
| Nov 4, 2021 | Licensing revenue | Q4 FY2021 | $6.50M – $7.00M | Lowered |
| Nov 4, 2021 | Domestic Company-operated Shack openings | FY2021 | 35 – 38 | New |
| Nov 4, 2021 | Licensed Shack openings (gross) | FY2021 | 25 | Lowered |
| Nov 4, 2021 | Total General and administrative expenses | FY2021 | $86.00M – $88.00M | New |
| Nov 4, 2021 | Shack sales | Q4 FY2021 | $187.00M – $193.00M | New |
| Nov 4, 2021 | Depreciation expense | FY2021 | $60.00M – $63.00M | Raised |
| Nov 4, 2021 | Pre-opening costs | FY2021 | $13.00M – $14.00M | Lowered |
| Nov 4, 2021 | Equity-based compensation | FY2021 | $9.00M | Lowered |
| Nov 4, 2021 | Total revenue | Q4 FY2021 | $193.50M – $200.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Shake Shack filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Update
- Update
- Results
- Results
- Update
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results