How did Shake Shack (NYSE:SHAK) perform in Q1 2026?

Shake Shack reported Q1 2026 total revenue of $366.7 million, a 14.3% increase compared to Q1 2025. System-wide sales rose 14.1% to $558.3 million, and Same-Shack sales grew by 4.6%. The company achieved a restaurant-level profit of $75.1 million with a margin of 21.2%. However, Shake Shack reported an operating loss of $2.6 million and a net loss of $0.3 million, or $0.01 per diluted share, reflecting the costs of expansion and organizational investments.

What drove Shake Shack’s revenue growth in Q1 2026?

Shake Shack’s revenue growth in Q1 2026 was primarily driven by strong Shack sales, which totaled $354 million, and licensing activities, which contributed $12.7 million. The company’s aggressive expansion and consistent domestic demand also played a key role, with new restaurant openings and the resilience of Same-Shack sales contributing to the overall growth.

How did Shake Shack’s Same-Shack sales perform in Q1 2026?

Shake Shack’s Same-Shack sales, a key metric for established locations, increased by 4.6% in Q1 2026. This indicates resilient consumer demand, despite broader inflationary pressures in the dining sector, highlighting the strength of Shake Shack’s brand and customer loyalty.

What was Shake Shack’s operating performance in Q1 2026?

Shake Shack’s operating performance in Q1 2026 showed mixed results. While the company posted restaurant-level profit of $75.1 million with a solid margin of 21.2% of Shack sales, it reported an operating loss of $2.6 million, a decline from the operating income of $2.8 million in Q1 2025. This was largely due to higher pre-opening expenses and labor costs.

How did Shake Shack’s bottom line perform in Q1 2026?

Shake Shack reported a net loss attributable to the company of $0.3 million, or $0.01 per diluted share, in Q1 2026. On an adjusted pro forma basis, the company broke even with net income of $0.1 million, or $0.00 per share. Adjusted EBITDA decreased by 9.3% year-over-year to $37 million, primarily due to higher pre-opening expenses and labor costs.

Shake Shack revenue jumps 14% as digital and physical expansion scale global reach

Written by Jon CuthbertPublished May. 7 2026Last Updated May. 7 2026

Shake Shack (NYSE:SHAK) maintained its growth momentum in the first quarter of 2026, delivering double-digit revenue gains driven by a robust pipeline of new restaurant openings and consistent domestic demand.

The New York-based fast-casual chain reported total revenue of $366.7 million for the quarter ended March 2026, a 14.3% increase over the same period in 2025.

The revenue growth included $354 million in Shack sales and $12.7 million from licensing activities.

System-wide sales rose 14.1% to $558.3 million, while Same-Shack sales—a key metric for established locations—increased 4.6%, signaling resilient consumer appetite despite broader inflationary pressures in the dining sector.

At the restaurant level, Shake Shack continued to demonstrate strong unit economics.

Restaurant-level profit reached $75.1 million, representing a margin of 21.2% of Shack sales.

However, the company’s overall bottom line reflected the costs of its aggressive expansion and organizational investments.

Shake Shack reported an operating loss of $2.6 million, compared to an operating income of $2.8 million in the prior-year quarter.

Net loss attributable to Shake Shack was $0.3 million, or $0.01 per diluted share.

On an adjusted pro forma basis, the company achieved a break-even result with net income of $0.1 million, or $0.00 per share.

Adjusted EBITDA for the period was $37 million, a 9.3% decrease compared to 2025, primarily due to higher pre-opening expenses and labor costs.

Elsewhere, the company accelerated its physical footprint during the quarter, opening 22 new locations globally.

This included 17 new company-operated Shacks and five new licensed Shacks, as the brand continues to diversify into drive-thrus, airports, and international urban centers.