Shake Shack Q1 FY26 turns to net loss of $0.3 million; revenue rises 14.3% to $366.7 million

Shake Shack, Inc. Class A

Shake Shack, Inc. Class A

SHAK

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  • Shake Shack posted fiscal Q1 revenue of $366.7 million, up 14.3% year over year, while swinging to a net loss attributable to shareholders of $0.3 million, or $0.01 per share.
  • Operating results swung to a loss of $2.6 million, while restaurant-level profit margin widened 0.5 percentage point to 21.2% of Shack sales.
  • Same-Shack sales rose 4.6% on traffic growth of 1.4%, while system-wide sales climbed 14.1% to $558.3 million.
  • Shake Shack opened 17 new Company-operated Shacks, raised 2026 guidance for Company-operated openings to 60-65 from 55-60, and reiterated plans for 40-45 licensed openings.
  • Rob Lynch said early Q2 momentum strengthened with launch of Smoky BBQ platform anchored by BBQ Boneless Baby Back Rib Sandwich, while Project Catalyst aims to modernize systems, launch first loyalty platform, and embed proprietary AI capabilities.


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