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Shake Shack (SHAK)
NYSE:SHAK
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated solid operational progress and financial momentum (mid-teens revenue growth, ~20% adjusted EBITDA growth, margin expansion, significant unit growth, cost reductions, and digital traction) while acknowledging near-term headwinds from beef inflation, weather-related volatility, and higher near-term G&A/marketing spending. Management presented clear mitigation plans (supply chain diversification, labor optimization, kitchen/equipment improvements, targeted marketing, and development discipline) and reiterated multi-year margin and growth targets, resulting in more positive than negative detail overall.Company Guidance
Revenue Growth and Scale
Total revenue of approximately $1.45 billion for fiscal 2025, representing roughly mid-teens year-over-year growth; fourth quarter revenue of $400.5 million, up 21.9% year-over-year.
Adjusted EBITDA Expansion
Adjusted EBITDA reached approximately $210 million for the year, growing about 19.5%–20% year-over-year, adding nearly $80 million to adjusted EBITDA over the last two years.
Same-Shack Sales and Traffic Momentum
Company-operated same-Shack sales growth of 2.3% for the year; fourth quarter same-Shack sales +2.1% (0.5% traffic, 1.6% price/mix). January 2026 same-Shack sales increased 4.3% year-over-year despite weather headwinds.
Margin Improvement at Restaurant Level
Expanded restaurant-level profit margin by 120 basis points to 22.6% in 2025, reflecting operational improvements and supply chain initiatives.
Strong Development and Unit Growth
Opened 85 Shacks system-wide in 2025 (45 company-operated, 40 licensed); announced plans for 55–60 new company-operated Shacks in 2026; ~34 Shacks under construction at year-end.
Material Reduction in Build Costs
Reduced average net build cost for new Shacks to under $2.0 million in 2025, a reduction of approximately 20% versus the prior year through design simplification and procurement strategies.
Operational Excellence and Labor Optimization
Implemented new labor model and performance scorecard: attainment to labor guide improved from ~50% of Shacks meeting targets mid-2024 to consistently above 90% in 2025; labor as a percent of Shack sales improved ~150 basis points year-over-year in Q4.
Improved Guest Experience Metrics
Average wait times improved from seven minutes in 2023 to under six minutes in 2025; team member tenure increased nearly 40% since 2023; Fries-related guest complaints dropped from >30% to <10% after equipment rollouts.
Digital and Marketing Traction
1-3-5 in-app promotion drove app downloads up approximately 50% since launch and has been a material driver of incremental traffic and app engagement; loyalty platform planned for launch later in 2026.
Balance Sheet and Cash Generation
Ended the year with $360.1 million in cash and cash equivalents and generated $56.5 million in free cash flow; adjusted pro forma net income of $16.6 million ($0.37 per diluted share) and GAAP net income of $11.8 million ($0.28 per diluted share).
SHAK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHAK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $92.13 | $98.61 | +7.03% |
Oct 30, 2025 | $89.81 | $91.38 | +1.75% |
Jul 31, 2025 | $140.91 | $120.34 | -14.60% |
May 01, 2025 | $87.74 | $88.71 | +1.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shake Shack (SHAK) report earnings?
Shake Shack (SHAK) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Shake Shack (SHAK) earnings time?
Shake Shack (SHAK) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHAK EPS forecast?
SHAK EPS forecast for the fiscal quarter 2026 (Q1) is 0.11.
