Management Updates Guidance
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) provided a business update for the fiscal second quarter ending July 1, 2026 and fiscal year ending December 30, 2026, ahead of presenting at June investor conferences.
"Our updated guidance reflects the current macroeconomic uncertainty, competitive landscape, and related impacts now that we are more than two-thirds through the quarter, but it's important to emphasize that our fundamental business drivers remain strong. We remain confident in our ability to execute our strategic priorities and deliver long-term shareholder value," said CEO Rob Lynch.
| Updated Fiscal Second Quarter Guidance Ending July 1, 2026:(1) | ||
| Prior 2Q Guidance | Updated 2Q Guidance | |
| Total revenue | $424 - $428 million | $415 - $420 million |
| Licensing revenue | $13.5 - $13.7 million | No change |
| Same-shack sales(2) | 3.0% to 5.0% | 2.5% to 3.0% |
| Restaurant-level profit margin(3) | 24.0% to 24.5% | 22.0% to 23.0% |
| Company-operated openings | 16 to 19 | Approximately 16 |
| Licensed openings | Approximately 8 | No change |
| Updated Fiscal 2026 Financial Guidance for the Year Ending December 30, 2026:(1) | |||||
| Any items not updated below remain the same as those previously provided. | |||||
| Prior FY Guidance | Updated FY Guidance | ||||
| Restaurant-level profit margin(3) | 23.0% to 23.5% | 22.0% to 23.0% | |||
| Adjusted EBITDA(3) | $230 - $245 million | $225 - $235 million | |||
| Net income | $50 - $60 million | $45 - $55 million | |||
(1) Fiscal second quarter and fiscal year 2026 guidance is derived from preliminary and unaudited results based on information currently available to the Company and are subject to change based upon completion of the review of the 2026 second fiscal quarter. Guidance is subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the guidance provided. Factors that may cause differences include those discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company's subsequent SEC filings, and our Cautionary Note on Forward-Looking Statements herein. (2) To normalize for the 53rd week in fiscal 2025, the compare period for 2025 was shifted forward a week from the fiscal calendar in order to show a more like-for-like comparison. (3) Restaurant-level profit margin and Adjusted EBITDA are non-GAAP measures. See below for full definitions and discussions of these measures. | |||||
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