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Compared to Estimates, Shake Shack (SHAK) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Shake Shack (SHAK - Free Report) reported revenue of $423.27 million, up 15.2% over the same period last year. EPS came in at $0.40, compared to $0.36 in the year-ago quarter.

The reported revenue represents a surprise of -0.54% over the Zacks Consensus Estimate of $425.57 million. With the consensus EPS estimate being $0.33, the EPS surprise was +21.21%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 427 versus 420 estimated by seven analysts on average.
  • Same-Shack sales growth: 2.5% versus 1.5% estimated by seven analysts on average.
  • Shack counts - System-wide: 738 compared to the 728 average estimate based on six analysts.
  • Shack counts - Licensed: 311 compared to the 308 average estimate based on six analysts.
  • Average weekly sales: $75.00 versus the three-analyst average estimate of $76.58.
  • Revenue- Licensing: $15.25 million versus $15.76 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
  • Revenue- Shack sales: $408.03 million versus $409.51 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +15.6% change.
  • Shack system-wide sales: $644.8 million versus the three-analyst average estimate of $647.7 million. The reported number represents a year-over-year change of +12.8%.

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

Shares of Shake Shack have returned +13.5% over the past month versus the Zacks S&P 500 composite's -0.4% 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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