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Shake Shack (SHAK) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended March 2026, Shake Shack (SHAK - Free Report) reported revenue of $366.74 million, up 14.3% over the same period last year. EPS came in at $0, compared to $0.14 in the year-ago quarter.

The reported revenue represents a surprise of -1.27% over the Zacks Consensus Estimate of $371.44 million. With the consensus EPS estimate being $0.11, the EPS surprise was -100%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Shake Shack performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Shack counts - Company-operated: 390 versus the nine-analyst average estimate of 386.
  • Same-Shack sales growth: 4.6% compared to the 4.3% average estimate based on nine analysts.
  • Shack counts - System-wide: 679 compared to the 677 average estimate based on eight analysts.
  • Shack counts - Licensed: 289 versus the eight-analyst average estimate of 291.
  • Average weekly sales: $72.00 compared to the $72.13 average estimate based on four analysts.
  • Revenue- Licensing: $12.69 million versus the nine-analyst average estimate of $12.96 million. The reported number represents a year-over-year change of +14.7%.
  • Revenue- Shack sales: $354.05 million compared to the $358.02 million average estimate based on nine analysts. The reported number represents a change of +14.3% year over year.
  • Shack system-wide sales: $558.3 million compared to the $567.6 million average estimate based on four analysts. The reported number represents a change of +14.1% year over year.
  • Revenue- Licensing Revenue- Initial territory, opening, and termination fees: $0.54 million versus $0.4 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27.3% change.
  • Revenue- Licensing Revenue- Sales-based royalties: $12.15 million versus the two-analyst average estimate of $12.36 million. The reported number represents a year-over-year change of +14.2%.

View all Key Company Metrics for Shake Shack here>>>

Shares of Shake Shack have returned -29% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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