HighGravityDataCurrent guidance
22 items
Shake Shack
Guidance from Shake Shack’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Releases tracked
8
Latest release
Aug 5, 2026
Data checked
Aug 5, 2026
What changed in the Jan 12, 2026 release
Each item compared with the same item in the previous release (May 7, 2026). Values in quotation marks are the company’s words.
New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| New | Licensing revenue | for FY2026 | — | “$59.0 million to $61.0 million” | Filing ↗ |
| New | Total revenue | for FY2026 | — | “$1.6 billion to $1.7 billion” | Filing ↗ |
| New | Adjusted EBITDA | for FY2026 | — | “$237.0 million to $245.0 million” | Filing ↗ |
| New | Net income | for FY2026 | — | “$50.0 million to $60.0 million” | Filing ↗ |
| New | Restaurant-level profit margin | for Q2 FY2026 | — | “approximately 22.6% to 22.8% of Shack sales” | Filing ↗ |
| New | Restaurant-level profit margin | for FY2026 | — | “23.0% to 23.5% of Shack sales” | Filing ↗ |
| New | Adjusted Pro Forma Tax Rate | for FY2026 | — | “approximately 24.0% to 25.0%” | Filing ↗ |
| New | Company-operated openings | for FY2026 | — | “approximately 55-60” | Filing ↗ |
| New | Depreciation and amortization expense | for FY2026 | — | “$128.0 million to $132.0 million” | Filing ↗ |
| New | Equity-based compensation | for FY2026 | — | “approximately $28.0 million” | Filing ↗ |
| New | General and administrative expenses | for FY2026 | — | “12.0% to 13.0% of Total revenue” | Filing ↗ |
| New | Licensed openings | for FY2026 | — | “approximately 40-45” | Filing ↗ |
| New | Pre-opening costs | for FY2026 | — | “$25.0 million to $27.0 million” | Filing ↗ |
| New | Same-Shack sales | for FY2026 | — | “positive LSD%” | Filing ↗ |
| New | Shacks to be built | for FY2026 | — | “55-60” | Filing ↗ |
| New | Total addressable market of Company-operated Shacks | for the long term | — | “1,500+” | Filing ↗ |
Show 8 items not restated in this release
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | Total revenue growth | No period stated | “low-teens %” | — | Filing ↗ |
| Not restated | Adjusted EBITDA growth | No period stated | “low to mid-teens %” | — | Filing ↗ |
| Not restated | Restaurant-level profit margin | No period stated | “at least approximately 22%” | — | Filing ↗ |
| Not restated | Cash-on-cash returns | for the long term | “at least 30% - 33%” | — | Filing ↗ |
| Not restated | Company-operated footprint target | for the long term | “at least 1,500 Shacks” | — | Filing ↗ |
| Not restated | Net build costs | for the long term | “$1.5 million - $3.0 million” | — | Filing ↗ |
| Not restated | System-wide unit growth | No period stated | “low-teens %” | — | Filing ↗ |
| Not restated | Total addressable market | for the long term | “1,500+ Company-operated Shacks” | — | Filing ↗ |
Current guidance
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
Current fiscal year
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Licensing revenue | “$59.0 million to $61.0 million” | for FY2026 | GAAP-tied | Jan 12, 2026 | 1 | Filing ↗ |
| Total revenue | “$1.6 billion to $1.7 billion” | for FY2026 | GAAP-tied | Jan 12, 2026 | 1 | Filing ↗ |
| Adjusted EBITDA | “$237.0 million to $245.0 million” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Net income | “$50.0 million to $60.0 million” | for FY2026 | GAAP-tied | Jan 12, 2026 | 1 | Filing ↗ |
| Restaurant-level profit margin | “approximately 22.6% to 22.8% of Shack sales” | for Q2 FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Restaurant-level profit margin | “23.0% to 23.5% of Shack sales” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Adjusted Pro Forma Tax Rate | “approximately 24.0% to 25.0%” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Company-operated openings | “approximately 55-60” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Depreciation and amortization expense | “$128.0 million to $132.0 million” | for FY2026 | GAAP-tied | Jan 12, 2026 | 1 | Filing ↗ |
| Equity-based compensation | “approximately $28.0 million” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| General and administrative expenses | “12.0% to 13.0% of Total revenue” | for FY2026 | GAAP-tied | Jan 12, 2026 | 1 | Filing ↗ |
| Licensed openings | “approximately 40-45” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Pre-opening costs | “$25.0 million to $27.0 million” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Same-Shack sales | “positive LSD%” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
| Shacks to be built | “55-60” | for FY2026 | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
Long term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Restaurant-level profit margin | “18% - 24%” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Average unit volume | “$2.8 million - $4.0 million” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Cash-on-cash returns | “at least 30% - 33%” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Company-operated footprint target | “at least 1,500 Shacks” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Net build costs | “$1.5 million - $3.0 million” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Total addressable market | “1,500+ Company-operated Shacks” | for the long term | Company-defined | Jan 13, 2025 | 1 | Filing ↗ |
| Total addressable market of Company-operated Shacks | “1,500+” | for the long term | Company-defined | Jan 12, 2026 | 1 | Filing ↗ |
How one item moved
Adjusted EBITDA, for FY2025 — every statement across the year, each linked to its filing.
How your Restaurants sector group guides
20 companies in Restaurants. What they guide on, and who reported this season.
Most-guided metric families
This season’s releases
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Get this for your own peer set — Peer Guidance Briefing, $3,000.
Full history
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2026 | FY2025 | Long-term | No period |
|---|---|---|---|---|
| Licensing revenue | 1 statement | 1 statement | — | — |
| Total revenue | 1 statement | 1 statement | — | 1 statement |
| Adjusted EBITDA | 1 statement | 2 statements | — | 1 statement |
| Net income | 1 statement | 2 statements | — | — |
| Restaurant margins | — | 1 statement | — | — |
The full record for Shake Shack and its Restaurants peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.
Filings
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Aug 5, 2026 | FY2026 Q2 | 0001620533-26-000033 | 0 | Open filing ↗ |
| May 7, 2026 | FY2026 Q1 | 0001620533-26-000024 | 0 | Open filing ↗ |
| Jan 12, 2026 | FY2025 Q4 | 0001620533-26-000008 | 26 | Open filing ↗ |
| Oct 30, 2025 | FY2025 Q3 | 0001620533-25-000072 | 0 | Open filing ↗ |
| Jul 31, 2025 | FY2025 Q2 | 0001620533-25-000062 | 0 | Open filing ↗ |
| May 1, 2025 | FY2025 Q1 | 0001620533-25-000026 | 0 | Open filing ↗ |
| Jan 13, 2025 | FY2024 Q4 | 0001620533-25-000006 | 24 | Open filing ↗ |
| Oct 30, 2024 | FY2024 Q3 | 0001620533-24-000105 | 0 | Open filing ↗ |
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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