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Q3 25 EPS
$0.36
BEAT +17.15%
Est. $0.31
Q3 25 Revenue
$367.4M
BEAT +1.02%
Est. $363.7M
vs S&P Since Q3 25
-47.2%
TRAILING MARKET
SHAK -37.3% vs S&P +9.8%
Market Reaction
Did SHAK Beat Earnings? Q3 2025 Results
Shake Shack served up a notably strong fiscal third quarter of 2025, beating Wall Street expectations on both the top and bottom lines as improved labor efficiency and aggressive unit expansion drove the results. The fast-casual chain posted adjusted… Read more Shake Shack served up a notably strong fiscal third quarter of 2025, beating Wall Street expectations on both the top and bottom lines as improved labor efficiency and aggressive unit expansion drove the results. The fast-casual chain posted adjusted EPS of $0.36, clearing the $0.31 consensus estimate by 17.15%, while revenue climbed 15.9% year over year to $367.41 million, edging past the $363.71 million analyst forecast by 1.02%. The single most material driver behind the profitability improvement was a sharp decline in labor and related expenses, which fell from 28.0% to 24.9% of Shack sales, helping push restaurant-level profit margins to 22.8% from 21.0% a year ago. The quarter also benefited from a near-clean income statement, with impairment charges of just $510,000 compared to $29.09 million in the year-ago period, which had dragged results into a net loss. System-wide sales reached $571.50 million, up 15.4%, as the company expanded its footprint to 630 locations spanning 34 U.S. States and multiple international markets, with new openings across Asia, Canada, and beyond.
Key Takeaways
- • Same-Shack sales growth of 4.9% year over year
- • Restaurant-level profit margin expanded to 22.8% from 21.0%
- • Labor and related expenses improved to 24.9% of Shack sales from 28.0%
- • Significant reduction in impairment charges versus year-ago quarter
- • System-wide sales increased 15.4% to $571.5 million
- • Adjusted EBITDA margin improved to 14.7% from 14.4%
SHAK YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SHAK Revenue by Segment
With YoY comparisons, source: SEC Filings
SHAK Earnings Trends
SHAK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SHAK EPS Trend
Earnings per share: estimate vs actual
SHAK Revenue Trend
Quarterly revenue: estimate vs actual
SHAK Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.12 | $0.00 | -100.00% | $366.7M | -1.49% |
| Q4 25 BEAT FY | $0.35 | $0.37 | +6.08% | $400.5M | -0.36% |
| FY Full Year | — | $1.32 | — | $1.45B | — |
| Q3 25 BEAT | $0.31 | $0.36 | +17.15% | $367.4M | +1.02% |
| Q2 25 BEAT | $0.38 | $0.44 | +16.87% | $356.5M | +0.66% |
| Q1 25 MISS | $0.16 | $0.14 | -15.10% | $320.9M | -2.04% |