Shake Shack Q2 profit beats on increased sales

Shake Shack

05/08/2026 12:12

Overview
U.S. burger chain's Q2 revenue rose 17% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company opened 16 new company-operated Shacks and 11 new licensed Shacks in Q2

Outlook
Shake Shack did not provide specific guidance for the current or future periods

Result Drivers
SALES GROWTH - Co said Q2 revenue rose 17% yr/yr, driven by higher Shack sales and licensing revenue
NEW LOCATIONS - Co opened 16 new company-operated Shacks and 11 new licensed Shacks in Q2
SAME-SHACK SALES - Same-Shack sales up 3.5% versus 2025

Company press release: ID:nBw9Sf1ra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$417.62 mln
$417.18 mln (22 Analysts)
Q2 Adjusted EPS
Beat
$0.43
$0.31 (22 Analysts)
Q2 EPS
 
$0.37
 
Q2 Adjusted Net Income
 
$18.90 mln
 
Q2 Net Income
 
$16.90 mln
 
Q2 Adjusted EBITDA
 
$61.20 mln
 
Q2 NET Income Attributable to Shake Shack
 
$15.68 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Shake Shack Inc is $77.00, about 16.3% above its August 4 closing price of $66.22
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 68 three months ago

Reuters Recommended Reads
Aug 4 - McDonald's US sales growth slows as value push falters
Aug 5 - Bloomin' Brands Q2 revenue and adjusted EPS beat estimates, raises outlook
Aug 4 - Domino's Pizza H1 revenue rises on World Cup and new product launches

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)