Shake Shack (SHAK) Q2 2025 Earnings
How Did SHAK Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +1.30%.
Did SHAK Beat Earnings? Q2 2025 Results
Yes. Shake Shack reported Q2 2025 earnings of $0.44 a share on Jul 31, 2025, beating the $0.38 consensus estimate by 16.9%. Revenue was $356.5M against a $354.1M estimate.
Shake Shack posted a standout second quarter for fiscal 2025, beating Wall Street on both the top and bottom lines as disciplined labor management and expanding scale drove meaningful profit improvement. The burger chain reported adjusted earnings of $0.44 per share, clearing the $0.38 consensus estimate by 16.87%, while revenue climbed 12.6% year-over-year to $356.47 million, edging past the $354.13 million analyst forecast. The single clearest driver of the earnings beat was a sharp improvement in restaurant-level margins, which expanded to 23.9% of Shack sales from 22.0% a year ago, largely because labor and related expenses fell to 25.7% of Shack sales from 28.4% in the prior-year period. Adjusted EBITDA grew 24.8% to $58.90 million, while operating income more than doubled to $22.37 million. The company also added 13 new Company-operated locations during the quarter, pushing its system-wide count to 610 Shacks. Despite the strong results, however, the stock faced selling pressure as investors weighed a below-consensus third-quarter revenue outlook against a backdrop of cautious consumer spending.
- Same-Shack sales growth of 1.8%
- System-wide sales up 13.7% to $549.9 million
- Restaurant-level profit margin expanded to 23.9% from 22.0% year-over-year
- Labor and related expenses improved to 25.7% of Shack sales from 28.4%
- Adjusted EBITDA up 24.8% to $58.9 million
- Adjusted EBITDA margin expanded to 16.5% from 14.9%
- Operating income more than doubled year-over-year
SHAK YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $356.5M | $316.5M | +12.6% |
| Operating Income | $22.4M | $10.8M | +107.5% |
| Net Income | $18.5M | $9.7M | +91.2% |
SHAK Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.