Earnings Releases·Nov 5, 2026, 7:02 AM ET

Shake Shack — Third Quarter 2026 Earnings Summary

Total revenue increased 15.2% year-over-year to $423.3 million, driven by a 12.8% rise in system-wide sales and a 2.5% increase in same-Shack sales.
Net income rose to $17.8 million ($0.39 per diluted share) and Adjusted EBITDA grew 16.0% to $62.8 million, while restaurant-level profit margin narrowed slightly to 22.5% from 22.8% in the prior year.
The company expanded its footprint by opening 21 new company-operated locations and 16 licensed Shacks, bringing the global total to over 750 locations.
Cash and cash equivalents decreased to $319.0 million from $360.1 million at the end of 2025, reflecting $162.4 million in net cash used for investing activities.
No specific guidance changes, M&A announcements, or capital return programs were disclosed in the provided summary.