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Shake Shack SHAK Food and paper costs

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Segments

By segment

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Reportable Segment$100.02M+16.3%

Other financials

Income statement

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Revenue$366.7M+14.3%
Operating income-$2.6M-193%
Net income-$290.0K-107%
EPS (diluted)-$0.01-110%

Balance sheet

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Cash & equivalents$313.7M+0.2%
Total debt$925.2M+12.2%
Total equity$525.9M+11.1%
Total assets$1.9B+11.0%

Cash flow

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Operating cash flow$8.5M-72.8%
CapEx$47.2M+60.8%
Free cash flow-$38.7M-2,170%

Valuation

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Market cap$2.18B+0.8%
Enterprise value$2.8B+3.2%
P/E48.4×-126×
P/S1.5×-0.2×

Profitability

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Operating margin3.8%+3.4pp
Net margin3%+2.1pp
FCF margin1.1%-2.0pp

Returns & leverage

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Return on equity9%+6.3pp
Debt / equity1.8×0.0×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Shake Shack in its filing.

Tagged under the XBRL concept shak:OperatingMaterialsExpense.

The official record: Shake Shack’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shake Shack's food and paper costs?
Shake Shack (SHAK) reported food and paper costs of $100.02M in Q1 2026.
How has Shake Shack's food and paper costs changed year-over-year?
Shake Shack's food and paper costs increased by 16.3% year-over-year, from $86.04M to $100.02M.
What is the long-term trend for Shake Shack's food and paper costs?
Over 4 years (2021 to 2025), Shake Shack's food and paper costs has grown at a 16.1% compound annual growth rate (CAGR), from $218.26M to $396.71M.
What does food and paper costs mean?
This metric represents the direct costs associated with food ingredients, packaging materials, and related supplies required to serve customers. It serves as a primary indicator of cost of goods sold efficiency and is sensitive to fluctuations in commodity prices and supply chain management. Monitoring this figure helps investors assess the company's ability to maintain gross margins amidst inflationary pressures.