Shake Shack Inc.

For the period ended Sep 30, 2026. Filed Nov 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 5, 2026

SHAK$75.90-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

Thirteen Weeks Ended · Thirty-Nine Weeks Ended
September 302026 · September 242025 · September 302026 · September 242025
Shack sales	$408,026		$352,846		$1,165,510		$1,005,908
Licensing revenue	15,247		14,565		42,118		38,867
TOTAL REVENUE	423,273		367,411		1,207,628		1,044,775
Shack-level operating expenses:
	Food and paper costs	115,276		103,461		331,575		286,119
	Labor and related expenses	103,823		88,033		297,766		262,759
	Other operating expenses	65,828		53,779		186,458		152,809
	Occupancy and related expenses	31,366		26,995		90,171		77,219
General and administrative expenses	44,989		44,381		146,918		125,692
Depreciation and amortization expense	32,930		27,079		92,767		80,167
Pre-opening costs	6,978		4,625		20,486		12,798
Impairments, loss on disposal of assets, and Shack closures	601		510		1,893		3,448
TOTAL EXPENSES	401,791		348,863		1,168,034		1,001,011
INCOME FROM OPERATIONS	21,482		18,548		39,594		43,764
Other income, net	2,459		3,103		7,804		8,924
Interest expense	(567)		(504)		(1,668)		(1,615)
INCOME BEFORE INCOME TAXES	23,374		21,147		45,730		51,073
Income tax expense	5,607		7,436		11,375		14,366
NET INCOME	17,767		13,711		34,355		36,707
Less: Net income attributable to non-controlling interests	1,281		1,210		2,479		2,813
NET INCOME ATTRIBUTABLE TO SHAKE SHACK INC.	$16,486		$12,501		$31,876		$33,894
Earnings per share of Class A common stock:
	Basic	$0.41		$0.31		$0.79		$0.84
	Diluted	$0.39		$0.30		$0.76		$0.81
Weighted-average shares of Class A common stock outstanding:
	Basic	40,399		40,250		40,349		40,199
	Diluted	41,910		41,874		41,885		41,852

4 |Shake Shack Inc. Form 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.