Q4 25 EPS
$0.37
BEAT +6.08%
Est. $0.35
Q4 25 Revenue
$400.5M
MISS 0.36%
Est. $402.0M
vs S&P Since Q4 25
-52.7%
TRAILING MARKET
SHAK -44.0% vs S&P +8.7%
Full Year 2025 Results
FY 25 EPS
$1.32
FY 25 Revenue
$1.45B
Market Reaction
Did SHAK Beat Earnings? Q4 2025 Results
Shake Shack closed out fiscal 2025 with a decisive fourth-quarter beat, posting earnings per share of $0.37 against a consensus estimate of $0.11, a 228.89% positive surprise, while revenue of $400.53 million topped expectations by 8.08% and climbed … Read more Shake Shack closed out fiscal 2025 with a decisive fourth-quarter beat, posting earnings per share of $0.37 against a consensus estimate of $0.11, a 228.89% positive surprise, while revenue of $400.53 million topped expectations by 8.08% and climbed 24.8% year over year. The standout performance was anchored by disciplined operational execution, with a new labor model driving a 150 basis point reduction in labor costs to 25.4% of Shack sales, helping sustain restaurant-level profit margin at 22.7% even as low-teens beef cost inflation pressured food and paper costs. The quarter also marked Shake Shack's 20th consecutive period of positive same-Shack sales growth, with same-Shack sales up 2.1%, and digital sales reaching 39.1% of Shack sales. Management filed a corrected annual report clarifying that 45 new Shacks contributed $68.3 million to 2025 Shack sales. Looking ahead, the company guided FY2026 total revenue of $1.60 billion to $1.70 billion and Adjusted EBITDA of $237 million to $245 million, underpinned by 55 to 60 new Company-operated Shack openings.
Key Takeaways
- • Same-Shack sales grew 2.1% in Q4 with positive traffic growth of 0.5%
- • 20th consecutive quarter of positive same-Shack sales
- • New labor model drove 150 bps year-over-year improvement in labor costs as percentage of Shack sales
- • Largest development class with 45 Company-operated and 40 licensed Shacks opened in FY2025
- • Digital sales accounted for 39.1% of Shack sales, up from 36.6% last year
- • Average net build cost reduced approximately 20% to under $2 million per new Shack
- • Restaurant-level profit margin expanded 120 bps year-over-year to 22.6% for the full year
SHAK YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SHAK Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a year of strong execution and disciplined growth that demonstrated our focus on the right strategic priorities. Despite an uncertain macroeconomic environment, our team delivered solid financial results, expanded our footprint with our largest class yet, and made important strides in improving our unit economics and guest value proposition. For the year, we grew Total revenue by more than 15%, delivered positive same-Shack sales growth with 2.3% comps, expanded our Restaurant-level profit margin by 120 bps to 22.6%, and drove 20% year-over-year growth in Adjusted EBITDA. Our success reflects the disciplined execution of operational excellence, supply chain optimization, compelling culinary innovation, and enhanced unit economics through margin expansion and meaningful reductions in build costs, positioning the business for more durable and profitable growth.”
— Rob Lynch, Q4 2025 Earnings Press Release
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% |