Earnings summaries and quarterly performance for Shake Shack.
Executive leadership at Shake Shack.
Board of directors at Shake Shack.
Research analysts who have asked questions during Shake Shack earnings calls.
Brian Vaccaro
Raymond James Financial, Inc.
6 questions for SHAK
Also covers: BLMN, CAKE, CAVA +7 more
SZ
Sharon Zackfia
William Blair & Company
6 questions for SHAK
Also covers: BIRK, BJRI, BROS +16 more
PS
Peter Saleh
BTIG
5 questions for SHAK
Also covers: BYND, CHEF, DPZ +14 more
JB
Jake Bartlett
Truist Securities
4 questions for SHAK
Also covers: CAVA, CBRL, DENN +12 more
MT
Michael Tamas
Oppenheimer & Co. Inc.
4 questions for SHAK
Also covers: BJRI, DENN
SS
Sara Senatore
Bank of America
4 questions for SHAK
Also covers: BLMN, BROS, CAKE +21 more
Brian Mullan
Piper Sandler
3 questions for SHAK
Also covers: BJRI, BLMN, BROS +20 more
HJ
Hyun Jin Cho
Goldman Sachs
3 questions for SHAK
Also covers: CMG, DRI, EAT +6 more
James Sanderson
Northcoast Research
3 questions for SHAK
Also covers: CAKE, DASH, DRI +8 more
JB
Jeffrey Bernstein
Barclays
3 questions for SHAK
Also covers: BJRI, BLMN, BROS +22 more
Jeffrey Farmer
Gordon Haskett Research Advisors
3 questions for SHAK
Also covers: BLMN, BROS, CAKE +7 more
RK
Rahul Krotthapalli
JPMorgan Chase & Co.
3 questions for SHAK
Also covers: BROS, CAKE, CAVA +8 more
Andrew Barish
Jefferies
2 questions for SHAK
Also covers: BROS, CAKE, CAVA +10 more
AC
Andrew Charles
TD Cowen
2 questions for SHAK
Also covers: BROS, CAVA, CMG +14 more
AB
Andy Barish
Jefferies Financial Group Inc.
2 questions for SHAK
Also covers: BROS, CAKE, DRI +4 more
Anisha Datt
Barclays
2 questions for SHAK
Also covers: CAKE, CMG, QSR +1 more
Brian Harbour
Morgan Stanley
2 questions for SHAK
Also covers: BLMN, BROS, CAKE +21 more
Daniel Guglielmo
Capital One
2 questions for SHAK
Also covers: APC, ARKO, CHDN +8 more
DT
David Tarantino
Robert W. Baird & Co.
2 questions for SHAK
Also covers: ATKR, BROS, CAKE +19 more
Lauren Silberman
Deutsche Bank
2 questions for SHAK
Also covers: BLMN, CAKE, CMG +13 more
RC
Rahul Crowe
JPMorgan Chase & Co.
2 questions for SHAK
Also covers: TXRH
SC
Samantha Chang
Goldman Sachs
2 questions for SHAK
Also covers: JACK
Andrew North
Robert W. Baird & Co.
1 question for SHAK
Also covers: CAKE, CMG, JACK
CC
Christine Cho
Goldman Sachs Group
1 question for SHAK
Also covers: BEP, BEPC, BLMN +24 more
CO
Christopher O'Cull
Stifel, Nicolaus & Company
1 question for SHAK
Also covers: BROS, CAVA, CMG +13 more
Dan Guglielmo
Capital One Financial Corporation
1 question for SHAK
Also covers: ARKO, EPRT, GLPI +3 more
Jim Sanderson
Northcoast Research
1 question for SHAK
Also covers: CAKE, DRI, EAT +6 more
PP
Pratik Patel
Barclays
1 question for SHAK
Also covers: BJRI, DIN, EAT +1 more
ZO
Zach Ogden
TD Cowen
1 question for SHAK
Also covers: CMG, DRI, FWRG +2 more
Recent press releases and 8-K filings for SHAK.
Shake Shack Reports Strong Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
SHAK
Earnings
Guidance Update
New Projects/Investments
- Shake Shack reported Q4 2025 total revenue of $400.5 million, up 21.9% year-over-year, with 2.1% Same-Shack sales growth and 22.7% restaurant-level profit. For the full year 2025, revenue grew 15.4% to $1.45 billion, and Adjusted EBITDA increased 19.5% to approximately $210 million.
- The company significantly expanded its footprint in 2025, opening 45 new company-operated Shacks and 40 new licensed Shacks, while reducing the average net build cost for new Shacks by approximately 20% to under $2 million. Shake Shack plans to open 55-60 new company-operated Shacks in 2026.
- For Q1 2026, Shake Shack expects total revenue between $366 million and $370 million, Same-Shack sales growth of 3%-5%, and a restaurant-level profit margin of 21.5%-22%.
- Strategic initiatives, including the $1, $3, $5 in-app promotion platform, led to app downloads increasing approximately 50%, with a loyalty platform scheduled for launch later in 2026. January 2026 Same-Shack sales grew 4.3% year-over-year despite weather challenges.
1 day ago
Shake Shack Reports Strong FY 2025 Results and Provides Q1 2026 Guidance
SHAK
Earnings
Guidance Update
New Projects/Investments
- Shake Shack reported strong fiscal year 2025 results, with total revenue growing 15.4% to $1.45 billion, Same-Shack sales increasing 2.3%, and Adjusted EBITDA reaching approximately $210 million, a 20% year-over-year increase.
- In Q4 2025, total revenue was $400.5 million, up 21.9% year-over-year, and Same-Shack sales grew 2.1%, contributing to a restaurant-level profit margin of 22.7% and Adjusted EBITDA of $56.1 million, up over 20% year-over-year.
- The company expanded its global footprint by opening 85 Shacks system-wide in 2025, including 45 new company-operated Shacks, while reducing the average net build cost for new Shacks by 20% to under $2 million. Shake Shack plans to open 55-60 new company-operated Shacks in 2026.
- For Q1 2026, Shake Shack anticipates total revenue between $366 million and $370 million and Same-Shack sales growth of 3%-5%. The search for a new CFO is expected to conclude in the first half of 2026, and a loyalty platform is slated for launch later in 2026.
1 day ago
Shake Shack Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook
SHAK
Earnings
Guidance Update
New Projects/Investments
- For the full year 2025, Shake Shack reported total revenue growth of 15.4% to $1.45 billion, Same-Shack sales growth of 2.3%, and Adjusted EBITDA increasing 20% to approximately $210 million.
- In Q4 2025, the company achieved total revenue of $400.5 million, representing a 21.9% year-over-year increase, and Same-Shack sales growth of 2.1%.
- Shake Shack significantly expanded its footprint in 2025 by opening 85 system-wide Shacks and reduced the average net build cost for new Shacks to under $2 million, a 20% reduction compared to the prior year.
- The company plans to open 55-60 new company-operated Shacks in 2026, focusing on markets outside its historical footprint.
- For Q1 2026, Shake Shack expects total revenue between $366 million and $370 million and Same-Shack sales growth of 3%-5%.
1 day ago
Shake Shack Reports Q4 2025 Earnings and Q1 Sales Guidance
SHAK
Earnings
Guidance Update
Demand Weakening
- Shake Shack reported Q4 2025 adjusted EPS of $0.37, beating consensus, with net income rising to $11.8 million and margins holding up, despite revenue of $400.53 million slightly missing estimates.
- The company's Q1 sales guidance of $366.0 million to $370.0 million was narrowly below Street expectations, and potential risks include rising input costs and increased spending that could pressure margins.
- Shake Shack shares have shown strong year-to-date performance, up 13.5%, outperforming the S&P 500, and trade below some fair-value models.
- Insider activity included four open-market sales in the past six months, while large institutions made sizable reallocations.
1 day ago
Shake Shack Announces Fourth Quarter and Fiscal Year 2025 Financial Results
SHAK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Shake Shack reported total revenue of $400.5 million for Q4 2025, an increase of 21.9% year-over-year, and $1,445.3 million for fiscal year 2025, up 15.4%.
- Same-Shack sales increased 2.1% in Q4 2025, marking the 20th consecutive quarter of positive growth, and 2.3% for the full fiscal year 2025.
- Net income attributable to Shake Shack Inc. reached $11.8 million ($0.28 per diluted share) in Q4 2025 and $45.7 million ($1.09 per diluted share) for fiscal year 2025.
- The company achieved Restaurant-level profit margins of 22.7% for Q4 2025 and 22.6% for fiscal year 2025.
- Shake Shack opened 45 new Company-operated Shacks and 40 new licensed Shacks in fiscal year 2025, and plans to open 55 to 60 new Company-operated Shacks in 2026.
1 day ago
Shake Shack Announces Fourth Quarter and Fiscal Year 2025 Financial Results
SHAK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Shake Shack reported total revenue of $400.5 million for the fourth quarter of 2025, an increase of 21.9% compared to 2024, and $1,445.3 million for the full fiscal year 2025, up 15.4% versus 2024.
- Diluted earnings per share were $0.28 for Q4 2025 and $1.09 for fiscal year 2025.
- Same-Shack sales increased by 2.1% in the fourth quarter of 2025 and 2.3% for the full fiscal year 2025.
- The company expanded its footprint by opening 15 new Company-operated Shacks and 17 new licensed Shacks in Q4 2025, contributing to a total of 45 new Company-operated Shacks and 40 new licensed Shacks for the fiscal year.
1 day ago
Shake Shack Provides Q4 2025 Business Update and Initial 2026 Outlook
SHAK
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Shake Shack Inc. reported preliminary unaudited total revenue of $400.5 million in Q4 2025 and $1.45 billion in FY 2025, with same-Shack sales up 2.1% in Q4 2025 and 2.3% in FY 2025.
- In FY 2025, the company opened 45 new Company-operated Shacks and 40 new licensed Shacks.
- For fiscal year 2026, Shake Shack provided initial guidance, projecting total revenue of $1.6 billion to $1.7 billion, positive low single-digit percentage same-Shack sales, and 55-60 new Company-operated Shack openings.
- The company expects FY 2026 Adjusted EBITDA to be $237.0 million to $245.0 million and Net income to be $50.0 million to $60.0 million.
- Shake Shack reiterated long-term targets, including a total addressable market of 1,500+ Company-operated Shacks and three-year financial growth targets for FY2025-FY2027, such as low-teens % total revenue growth.
Jan 12, 2026, 10:12 PM
Shake Shack Discusses 2025 Achievements and 2026 Outlook at ICR Conference
SHAK
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Shake Shack reported strong operational performance in 2025, significantly exceeding its restaurant-level margin expansion guidance and achieving over 90% labor attainment in the second half of the year.
- The company successfully reduced average new unit build costs to under $2 million in 2025 and plans 55 to 60 new units in 2026, leveraging optimized kitchen designs and smaller footprint formats.
- For 2026, Shake Shack forecasts an additional 50 basis points of restaurant-level margin expansion, driven by supply chain efficiencies despite anticipated elevated beef pricing.
- Marketing investments, maintained in the 2%-3% range of revenue, will focus on targeted digital media and app-based promotions, building on over 50% growth in app downloads in 2025 and a planned loyalty platform launch.
Jan 12, 2026, 1:30 PM
Shake Shack Reports Strong 2024 Performance and Outlines 2025 Growth Strategies
SHAK
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Shake Shack exceeded its restaurant-level margin expansion guidance in 2024, achieving over 100 basis points of improvement, and anticipates an additional 50 basis points in 2025, driven by operational efficiencies and supply chain productivity.
- The company significantly reduced its average new unit build cost to just under $2 million in 2024, a decrease from $2.4 million two years prior, enhancing cash-on-cash returns.
- Strategic investments in targeted digital marketing and app promotions led to over 50% growth in app downloads in 2024, with plans to launch a loyalty platform in 2025.
- Shake Shack is expanding its footprint with smaller format stores and optimized drive-through prototypes, which are generating accretive sales and enabling entry into new markets.
Jan 12, 2026, 1:30 PM
Shake Shack Highlights 2025 Operational Wins and 2026 Outlook
SHAK
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Shake Shack doubled its restaurant-level margin expansion guidance in 2025, achieving over 100 basis points, and anticipates another 50 basis points of improvement in 2026, primarily driven by supply chain efficiencies despite continued elevated beef pricing.
- The company significantly reduced its average build cost for new units to just under $2 million in 2025, representing a 10% decrease from the previous year, and plans to open 55-60 new units in 2026.
- Operational enhancements led to an improvement in labor attainment from 50% to over 90% in the second half of 2025, contributing to better guest metrics and team member retention.
- Shake Shack's marketing spend is increasing to the 2%-3% range of revenue, with a focus on targeted digital media and app-based promotions, which resulted in over 50% increase in app downloads in 2025.
Jan 12, 2026, 1:30 PM
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