---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-26-000024"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:47:08.956813+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q1 revenue up 14.3% but net loss of $0.3M; raises 2026 opening guidance

## Summary
- Total revenue $366.7M (+14.3% YoY); Same-Shack sales +4.6% with traffic +1.4%.
- Net loss $0.3M ($0.01 diluted loss) vs net income $4.5M a year ago; operating loss of $2.6M.
- Adjusted EBITDA $37.0M, down 9.3% YoY; restaurant-level profit margin 21.2%, up 50 bps.
- Opened record 17 Company-operated Shacks in Q1; raised FY2026 forecast to 60-65 openings from prior 55-60.
- April same-Shack sales -0.6% due to Easter shift; early May strong with new BBQ menu launch.

## SEC filing metadata
- accession: 0001620533-26-000024
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000162053326000024/0001620533-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053326000024/shak-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-26-000024
- JSON: https://secwatch.observer/filing/0001620533-26-000024.json
- Plain text: https://secwatch.observer/filing/0001620533-26-000024.txt

## Source-grounded claims
- claim_id: 2aa74d77144b4cbea00f93fc61071cc37098a0b5
  claim: Shake Shack Inc. reported the fiscal first quarter ended April 1, 2026 results: revenue $366.7 million, net income Net loss of $0.3 million, EPS loss of $0.01 per diluted share. Guidance raised.
  evidence_excerpt: shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Shake Shack Announces First Quarter 2026 Financial Results ▪ Total revenue of $366.7 million, up 14.3% versus 2025, including $354.0 million of Shack sales and $12.7 million of Licensing revenue. ▪ System-wide sales of $558.3 million, up 14.1% versus 2025. ▪ Same-Shack
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000162053326000024/0001620533-26-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.