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Shake Shack SHAK Business Segments — Pre-opening costs

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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 us-gaap:PreOpeningCosts.

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 business segments — pre-opening costs?
Shake Shack (SHAK) reported business segments — pre-opening costs of $6.87M in Q1 2026.
How has Shake Shack's business segments — pre-opening costs changed year-over-year?
Shake Shack's business segments — pre-opening costs increased by 113.5% year-over-year, from $3.22M to $6.87M.
What is the long-term trend for Shake Shack's business segments — pre-opening costs?
Over 3 years (2022 to 2025), Shake Shack's business segments — pre-opening costs has grown at a 6.2% compound annual growth rate (CAGR), from $15.05M to $18M.
What does business segments — pre-opening costs mean?
These are the expenses incurred in preparing new locations for operation prior to their official opening, such as staff training and marketing. This metric highlights the investment intensity and pace of the company's expansion strategy.