Question 1

What is Shake Shack's food and paper costs?

Accepted Answer

Shake Shack (SHAK) reported food and paper costs of $116.28M in Q2 2026.

Question 2

How has Shake Shack's food and paper costs changed year-over-year?

Accepted Answer

Shake Shack's food and paper costs increased by 20.3% year-over-year, from $96.62M to $116.28M.

Question 3

What is the long-term trend for Shake Shack's food and paper costs?

Accepted Answer

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.

Question 4

What does food and paper costs mean?

Accepted Answer

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.

Line item	Thirteen Weeks Ended / July 12026	Thirteen Weeks Ended / June 252025	Twenty-Six Weeks Ended / July 12026	Twenty-Six Weeks Ended / June 252025
Licensing revenue	14,181	13,242	26,871	24,302
TOTAL REVENUE	417,618	356,466	784,355	677,364
Shack-level operating expenses:
Food and paper costs	116,276	96,621	216,299	182,658
Labor and related expenses	101,226	88,058	193,943	174,726
Other operating expenses	63,118	50,768	120,630	99,030
Occupancy and related expenses	30,151	25,593	58,805	50,224
General and administrative expenses	48,321	40,671	101,929	81,311

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Shake Shack SHAK Food and paper costs