The earnings call highlighted strong revenue growth, improved margins, and successful expansion and marketing strategies. Despite facing challenges such as increased beef costs and regional underperformance, the company showed resilience and strategic focus on long-term growth.

Company Guidance

During Shake Shack's second quarter 2025 earnings call, the company raised their adjusted EBITDA guidance for the full year, driven by a strong quarterly performance despite industry headwinds. Shake Shack reported a 1.8% same-Shack sales growth, with trends improving into July to 3.2%. Restaurant-level margins expanded by nearly 200 basis points year-over-year to approximately 24%, the highest in 24 quarters. The company opened 13 new domestic company-operated Shacks during the quarter and remains on track to open 45 to 50 such locations in 2025. They also experienced strong licensed business performance, with revenue growing by 20.2% year-over-year. Total revenue for the quarter was $356.5 million, with system-wide sales increasing by 13.7% to $549.9 million. Shake Shack's strategic focus includes enhancing guest experience, driving operational efficiency, and leveraging culinary innovation to sustain positive sales and margin growth.

Strong Revenue Growth

Total revenue for the second quarter was $356.5 million, supported by 22 new Shack openings system-wide and positive same-Shack sales growth.

Record Adjusted EBITDA

Adjusted EBITDA grew by 24.8% year-over-year to $58.9 million, representing 16.5% of total revenue, marking the highest second-quarter margin since 2018.

Improved Restaurant-Level Margins

Restaurant-level margin expanded by nearly 200 basis points year-over-year to approximately 24%, the highest in the last 24 quarters.

New Shack Openings

Opened 13 new domestic company-operated Shacks in Q2, with a plan to open 45 to 50 company-operated Shacks in 2025, marking the largest class in company history.

Innovative Marketing and Culinary Initiatives

Implemented a paid media component and launched new products like the Dubai Shake. Positive traffic trends with 3.2% same-Shack sales growth in July.

International Expansion and Licensing Success

Strong performance in the licensed business with 9 new openings, including new partnerships with PENN Entertainment and Grupo Attie-Multifood Enterprises.

Shake Shack (CH:9SH) Earnings, Revenues Date & History

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CH:9SH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.24 / -	0.199	―	―	―
Jul 31, 2025	2025 (Q2)	0.30 / 0.35	0.215	62.96% (+0.14)	―
May 01, 2025	2025 (Q1)	0.13 / 0.11	0.103	7.69% (<+0.01)	―
Feb 20, 2025	2024 (Q4)	0.20 / 0.21	0.016	1200.00% (+0.19)	―
Oct 30, 2024	2024 (Q3)	0.15 / 0.20	0.135	47.06% (+0.06)	―
Aug 01, 2024	2024 (Q2)	0.21 / 0.21	0.143	50.00% (+0.07)	―
May 02, 2024	2024 (Q1)	0.08 / 0.10	-0.008	1400.00% (+0.11)	―
Feb 15, 2024	2023 (Q4)	<0.01 / 0.02	-0.048	133.33% (+0.06)	―
Nov 02, 2023	2023 (Q3)	0.08 / 0.14	-0.048	383.33% (+0.18)	―
Aug 03, 2023	2023 (Q2)	0.09 / 0.14	0	―