SHAK Shake Shack Inc.
Price Chart
Executive Summary
Shake Shack lowered its fiscal Q2 2026 and full-year 2026 guidance, citing macroeconomic uncertainty and a competitive landscape. Q2 total revenue guidance was reduced from $424-$428M to $415-$420M, same-shack sales guidance was cut from 3.0%-5.0% to 2.5%-3.0%, and restaurant-level profit margin guidance was lowered from 24.0%-24.5% to 22.0%-23.0%. Full-year adjusted EBITDA guidance was reduced from $230-$245M to $225-$235M, and net income guidance was lowered from $50-$60M to $45-$55M.
Actionable Insight
The across-the-board guidance cut signals weakening underlying demand and margin pressure. Monitor the Q2 earnings release for actual same-shack sales and margin performance vs. the lowered guide. The stock may face further downside if consumer spending continues to soften in the casual dining space.
Key Facts
- Q2 2026 total revenue guidance lowered to $415-$420M from prior $424-$428M.
- Q2 2026 same-shack sales guidance lowered to 2.5%-3.0% from prior 3.0%-5.0%.
- Q2 2026 restaurant-level profit margin guidance lowered to 22.0%-23.0% from prior 24.0%-24.5%.
- FY 2026 adjusted EBITDA guidance lowered to $225-$235M from prior $230-$245M.
- FY 2026 net income guidance lowered to $45-$55M from prior $50-$60M.
- FY 2026 restaurant-level profit margin guidance lowered to 22.0%-23.0% from prior 23.0%-23.5%.
- Management cited 'current macroeconomic uncertainty, competitive landscape, and related impacts' for the guidance reduction.
Financial Impact
Q2 revenue guidance reduced by ~$9M at the midpoint ($423M to $417.5M). FY adjusted EBITDA guidance reduced by ~$7.5M at the midpoint ($237.5M to $230M). FY net income guidance reduced by ~$5M at the midpoint ($55M to $50M).
Risk Factors
- Further deterioration in consumer spending or traffic trends.
- Increased labor or commodity cost inflation not fully offset by pricing.
- Competitive pressure from other fast-casual concepts.
- Execution risk on new unit openings and international licensing.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-069246 |
| Document: tm2616608d1_8k.htm | 0001104659-26-069246 |
| Document: 0001104659-26-069246-index-headers.html | 0001104659-26-069246 |
| Document: 0001104659-26-069246-index.html | 0001104659-26-069246 |
| Document: 0001104659-26-069246.txt | 0001104659-26-069246 |
Track record builds as more directional reports settle.
Filters
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Jun 2, 2026
3d ago
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8-K
| $57.01 $55.53 | ▲ +2.60% | ▲ +1.90% | $52.34 (+8.19%) |
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May 18, 2026
18d ago
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Insider Cluster
| $64.12 $63.47 | ▼ −1.01% | ▼ −2.05% | $52.34 (−18.37%) |
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May 7, 2026
29d ago
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8-K
| $69.24 $70.14 | ▲ +1.30% | ▲ +0.47% | $52.34 (−24.41%) |
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Feb 26, 2026
14w ago
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8-K
| $98.61 $96.01 | ▼ −2.64% | ▼ −2.18% | $52.34 (−46.92%) |
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Feb 24, 2026
14w ago
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8-K
| $92.13 $98.61 | ▲ +7.03% | ▲ +7.58% | $52.34 (−43.19%) |
US Market Status
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