Quarterly UpdatesJun 2, 2026, 08:12 AM
Shake Shack Lowers Q2 Revenue to $415-420M, Same-Shack Sales to 2.5-3.0%
AI Summary
Shake Shack Inc. has updated its financial guidance for the fiscal second quarter and full year 2026, reflecting a downward revision across key metrics. The company now expects lower total revenue, same-shack sales, and restaurant-level profit margins for Q2, and reduced full-year restaurant-level profit margin, Adjusted EBITDA, and Net income. CEO Rob Lynch attributed the updated guidance to current macroeconomic uncertainty and the competitive landscape, while emphasizing confidence in the company's fundamental business drivers and strategic priorities.
Key Highlights
- Shake Shack updated Q2 total revenue guidance to $415-$420 million, down from $424-$428 million.
- Q2 same-shack sales guidance revised to 2.5%-3.0%, down from 3.0%-5.0%.
- Q2 restaurant-level profit margin guidance updated to 22.0%-23.0%, down from 24.0%-24.5%.
- Full-year restaurant-level profit margin guidance revised to 22.0%-23.0%, down from 23.0%-23.5%.
- Full-year Adjusted EBITDA guidance updated to $225-$235 million, down from $230-$245 million.
- Full-year Net income guidance revised to $45-$55 million, down from $50-$60 million.
- Q2 company-operated openings guidance updated to approximately 16, from 16-19.
Price Impact
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