Shake Shack Shares Slide on Revenue Miss as Beef Costs and Weather Weigh
Shake Shack shares slid after the burger chain reported first-quarter revenue of $366.7 million, up 14.3% from a year earlier but below estimates of $370.76 million, amid pressures including rising beef costs and inclement weather. Adjusted earnings were break-even, missing expectations for $0.12 a share, and 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 $558.3 million. Shake Shack opened 17 company-operated restaurants and five licensed locations during the quarter, bringing its total system-wide footprint to more than 685 locations, and said Michelle Hook, formerly Portillo’s chief financial officer, will join Shake Shack as CFO on May 11.
From the sources (3 posts)
@wallstengine$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.