Shake Shack (SHAK) Q2 2026 Earnings Call Transcript

Shake Shack’s Q2 2026 results showed revenue growth alongside improving traffic, but margin pressure persisted. Total revenue rose 17.2% year over year to $417.6 million, driven by new restaurant openings and 3.5% Same-Shack sales growth. Traffic increased 2.0%, marking the fourth straight quarter of positive customer counts. Restaurant-level profit was $92.7 million, with a 23.0% margin on Shack sales, down 90 basis points versus the prior year. Net income attributable to Shake Shack Inc. was $15.7 million, or $0.37 diluted EPS, compared with $17.1 million in the year-ago quarter. Adjusted EBITDA totaled $61.2 million, up 3.9%. The company opened 16 new company-operated restaurants in the quarter, bringing year-to-date openings to 33.