Shake Shack Shares Plunge 30% After Operating Loss as CEO Cites Winter Storms
Shake Shack shares extended an earlier 24% post-earnings slump to about 30% after the burger chain reported a first-quarter operating loss and its CEO said winter storms contributed to poor earnings. Revenue rose 14.3% to $366.7 million but missed estimates of $370.76 million, while adjusted earnings were break-even versus expectations for 12 cents a share.
The company posted an operating loss of $2.6 million, compared with operating income of $2.8 million a year earlier. Same-Shack sales increased 4.6% and system-wide sales rose 14.1% to $558.3 million, as rising beef costs and inclement weather weighed on the quarter.
From the sources (6 posts)
@wallstengine$SHAK Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $366.7M (Est. $370.76M) 🔴; +14.3% YoY 🔹 Adj. EPS: $0.00 (Est. $0.12) 🔴 🔹 Same-Shack Sales: +4.6% YoY 🔹 System-Wide Sales: $558.3M; +14.1% YoY 🔹 Restaurant-Level Profit: $75.1M; 21.2% margin Other
@alphasenseinc$SHAK Earnings: - Total revenue of $366.7 million, up 14.3% versus 2025, including $354.0 million of Shack sales and $12.7 million of Licensing revenue. - Adjusted pro forma net income of $0.1 million, or earnings of $0.00 per fully exchan
@businessShake Shack shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather.
@polymarketNEW: Shake Shack extends losses to -30% after CEO claims “winter storms” contributed to poor earnings.
@cnbcShake Shack shares crater 30% after burger chain reports operating loss
@polymarketNEW: Shake Shack stock crashes -24%.