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Compared to Estimates, Shake Shack (SHAK) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Shake Shack (SHAK - Free Report) reported revenue of $417.62 million, up 17.2% over the same period last year. EPS came in at $0.43, compared to $0.44 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $417.79 million, representing a surprise of -0.04%. The company delivered an EPS surprise of +38.71%, with the consensus EPS estimate being $0.31.

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 - Licensed: 297 versus 298 estimated by seven analysts on average.
  • Same-Shack sales growth: 3.5% versus 2.8% estimated by seven analysts on average.
  • Shack counts - System-wide: 703 versus the seven-analyst average estimate of 704.
  • Shack counts - Company-operated: 406 versus 406 estimated by seven analysts on average.
  • Average weekly sales: $78.00 compared to the $78.22 average estimate based on four analysts.
  • Revenue- Licensing: $14.18 million versus the eight-analyst average estimate of $13.91 million. The reported number represents a year-over-year change of +7.1%.
  • Revenue- Shack sales: $403.44 million compared to the $403.39 million average estimate based on eight analysts. The reported number represents a change of +17.5% year over year.
  • Shack system-wide sales: $625.8 million versus the four-analyst average estimate of $626.06 million. The reported number represents a year-over-year change of +13.8%.
  • Revenue- Licensing Revenue- Initial territory, opening, and termination fees: $0.62 million compared to the $0.66 million average estimate based on two analysts. The reported number represents a change of -1.4% year over year.
  • Revenue- Licensing Revenue- Sales-based royalties: $13.56 million versus $13.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.

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

Shares of Shake Shack have returned +20.6% over the past month versus the Zacks S&P 500 composite's +3.5% 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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