Shake Shack Q3 2026 EPS Tops Estimates at $0.40, but Revenue Misses at $423.3M
Revenue of $423.3M vs. $426.4M expected and adjusted EPS of $0.40 vs. $0.34; revenue up 15% from a year earlier.
Shake Shack (SHAK) posted mixed third-quarter 2026 results, with adjusted EPS above the estimate and revenue below it. Revenue was $423.3 million, up 15% from a year earlier, below the $426.4 million estimate, and adjusted EPS was $0.40, up 11% from a year earlier, above the $0.34 estimate.
Shares fell 0.6% in premarket trading as of 7:00 a.m. ET, to $72.27 from a $72.68 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.34 | $0.40 | Beat by 17% |
| Revenue | $426.4M | $423.3M | Miss by 0.7% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▲ 11% | ▼ 7.0% |
| Revenue | ▲ 15% | ▲ 1.4% |
By our calculation, revenue was $3.1 million below the estimate and adjusted EPS was $0.06 above it. The QoQ column compares with the previous quarter's revenue of $417.6 million and adjusted EPS of $0.43. The YoY column compares with $367.4 million and $0.36 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 1 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $367.4 million, $400.5 million, $366.7 million, $417.6 million and $423.3 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $0.37 and revenue of $438.2 million next quarter, based on 16 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 15% increase to $423.3 million.
- Estimate record. Whether Shake Shack extends a record of beating EPS estimates in 6 of its last 8 reports.
- Related coverage. See our reports on Core Scientific, LCI Industries, BKV and Viatris.
Sources: Results are from Shake Shack's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Shake Shack's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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