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Shake Shack SHAK Q2 2026 earnings

Reported August 5, 2026 · Before market open

Revenue$417.6MBeat by $441.0K
EPS$0.43Beat by $0.12
Revenue estimate$417.2M
EPS estimate$0.31
“Our second quarter results reflect a business that continues to execute across sales, development, and profitability despite navigating one of the most challenging cost environments we have faced in many years. While we remain focused on the work ahead, I am encouraged by the resilience of the Shake Shack model and confident in our ability to deliver on our long-term plan. For the second quarter, same-Shack sales grew 3.5%, including positive traffic of 2.0%. These results reflect our ongoing investments in culinary innovation, targeted marketing, and our digital ecosystem — all designed to drive guest acquisition, frequency, and long-term brand value.”
Chief Executive Officer

Next report

Nov 5, 2026 (In 3 days)
Revenue estimate$426.4M
EPS estimate$0.34

Financials

Q2 2026

Income statement

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Revenue$417.6M+17.2%
Operating income$20.7M-7.3%
Net income$15.7M-8.6%
EPS (diluted)$0.37-9.8%

Balance sheet

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Cash & equivalents$308.0M-8.6%
Total debt$939.6M+12.2%
Total equity$544.3M+10.2%
Total assets$2.0B+9.9%

Cash flow

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Operating cash flow$57.0M-12.3%
CapEx$57.7M+51.5%
Free cash flow-$736.0K-103%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$2.85B-22.5%
Enterprise value$3.48B-16.6%
P/E65.2×-19.9×
P/S1.8×-0.8×

Profitability

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Operating margin3.6%+2.3pp
Net margin2.8%+1.3pp
FCF margin-0.8%-4.2pp

Returns & leverage

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Return on equity8.4%+4.1pp
Debt / equity1.7×0.0×
Current ratio1.7×-0.2×

Segments

By product

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Shack sales$403.4M+17.5%
Sales-based royalties$13.6M+7.5%
Initial territory, opening, and termination fees$620.0K—

By segment

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Reportable Segment$417.6M+17.2%

FAQ

When did Shake Shack report Q2 2026 earnings?
Shake Shack (SHAK) reported Q2 2026 earnings on August 5, 2026 before market open.
What were Shake Shack's Q2 2026 revenue and EPS?
Shake Shack reported revenue of $417.6M and eps of $0.43 for Q2 2026.
Did Shake Shack beat estimates in Q2 2026?
Revenue beat the consensus estimate of $417.2M by $441.0K. EPS beat the consensus estimate of $0.31 by $0.12.
How did Shake Shack's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.2% from $356.5M a year earlier and eps declined 2.3% from $0.44.
Where can I find Shake Shack's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001620533-26-000033) and the 10-Q periodic report (0001620533-26-000034) directly on SEC EDGAR. The filing index links above go to sec.gov.