Question 1

What is Shake Shack's pre-opening costs?

Accepted Answer

Shake Shack (SHAK) reported pre-opening costs of $6.64M in Q2 2026.

Question 2

How has Shake Shack's pre-opening costs changed year-over-year?

Accepted Answer

Shake Shack's pre-opening costs increased by 34.0% year-over-year, from $4.96M to $6.64M.

Question 3

What is the long-term trend for Shake Shack's pre-opening costs?

Accepted Answer

Over 4 years (2021 to 2025), Shake Shack's pre-opening costs has grown at a 7.9% compound annual growth rate (CAGR), from $13.29M to $18M.

Question 4

What does pre-opening costs mean?

Accepted Answer

This metric captures the expenses incurred during the development and preparation phase of new store locations prior to their official launch. These costs typically include lease payments, staff recruitment, and training expenses associated with scaling the physical footprint. High levels of these costs indicate an aggressive expansion strategy, while their impact on profitability provides insight into the efficiency of the company's growth execution.

Line item	Thirteen Weeks Ended / July 12026	Thirteen Weeks Ended / June 252025	Twenty-Six Weeks Ended / July 12026	Twenty-Six Weeks Ended / June 252025
Occupancy and related expenses	30,151	25,593	58,805	50,224
General and administrative expenses	48,321	40,671	101,929	81,311
Depreciation and amortization expense	30,717	26,545	59,837	53,088
Pre-opening costs	6,638	4,955	13,508	8,173
Impairments, loss on disposal of assets, and Shack closures	425	881	1,292	2,938
TOTAL EXPENSES	396,872	334,092	766,243	652,148
INCOME FROM OPERATIONS	20,746	22,374	18,112	25,216
Other income, net	2,602	2,850	5,345	5,821

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Shake Shack SHAK Pre-opening costs