EarningsQ2 2026 Earnings Report
MX:SHAK Q2 2026 EPS Results
Actual EPS$7.82
Consensus EPS$5.54
Beat/MissBeat by +$2.27
One Year Ago EPS$8.00
MX:SHAK Q2 2026 Revenue Results
Actual Revenue$7.59B
Expected Revenue$7.58B
Beat/MissBeat by +$8.02M
YoY Revenue Growth+17.16%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
MX:SHAK Upcoming Earnings
Shake Shack's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SHAK Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong top‑line growth, sustained traffic momentum, rapid digital adoption, robust unit development and healthy returns on new units highlight resilient execution. Offsetting these positives are significant cost pressures—primarily record beef inflation—higher delivery and operating expenses, some margin compression and a year‑to‑date decline in net income. Management expressed confidence in strategic investments (loyalty, Project Catalyst) and disciplined marketing, but expects back‑half headwinds to place results toward the low end of guidance ranges.Company Guidance
Revenue and Same‑Shack Sales Growth
Total revenue $417.6M, up 17.2% year‑over‑year; Same‑Shack sales +3.5% for the quarter (comprised of +2.0% traffic and +1.5% price/mix). Company extended its streak to 22 consecutive quarters of positive comparable sales growth.
Sustained Traffic Momentum and Digital Expansion
Fourth consecutive quarter of positive traffic. Comparable app channel sales grew nearly 30% year‑over‑year. Digital channels (app, web, delivery) rose to ~41% of sales, with app representing just over 10% of total channel mix and driving higher frequency and new guest acquisition.
Strong Unit Development and Licensing Growth
Opened 16 new company‑operated Shacks in Q2 (33 YTD) and remain on track for 60–65 company openings in 2026. Added 8 net licensed Shacks in the quarter. Licensing sales grew 7.6% to $222.4M and licensing revenue grew 7.1% to $14.2M.
Healthy Restaurant‑Level Profit and Adjusted EBITDA Expansion
Restaurant‑level profit of $92.7M, or 23.0% of Shack sales. Adjusted EBITDA was $61.2M (14.7% of revenue), up 3.9% year‑over‑year.
Operational Progress and Strong Returns on New Units
Labor efficiency improvements drove labor to 25.1% of Shack sales (improved 60 bps YoY). Recent new‑unit cohorts are delivering >30% cash‑on‑cash returns. Company ended quarter with $308M cash and full availability on its revolver.
Product Innovation and Strategic Tech Investments
Culinary innovations (e.g., Baby Back Rib Sandwich, Big Shack reintroduction, West Coast platform, tests of chicken and smoked brisket) resonated with guests. Ongoing investments in Project Catalyst, unified data/analytics and a loyalty platform (targeted for 2026) to drive personalization and long‑term guest value.
MX: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