Shake Shack(NYSE) SHAK

Shake Shack sells premium burgers and milkshakes at various restaurant locations. This business helps people find high-quality versions of American fast food. It serves hungry guests in the United States and international markets.

What is on the Menu?

• Shack Sales: Food, beverages, and branded merchandise sold at company-owned locations; accounts for 96.5% of revenue.
• Licensing Revenue: Fees and royalties from domestic and international licensed locations; accounts for 3.5% of revenue.
• Signature Food Items: Made-to-order Angus beef burgers, crispy chicken, and hot dogs for the fine-casual market.
• Desserts and Drinks: Hand-spun milkshakes, frozen custard, house-made lemonades, beer, and wine.

Recent Moves and New Shacks

• Opened 17 company-operated restaurants during the thirteen weeks ended April 1, 2026.
• Added five new licensed locations through partnerships with third-party operators in the same period.
• Operates its original location under a license from the Madison Square Park Conservancy.
• Maintains a development pipeline through its subsidiary SSE Holdings, LLC to enter new markets.

What Makes This Brand Unique?

The company defines the fine-casual category by combining premium ingredients with a commitment to high-quality dining experiences. Digital sales are a primary focus, with 39.9% of restaurant sales coming from the mobile app, website, and delivery platforms.

A Look at the Numbers

• Total revenue reached $366.7 million in Q1 2026, up 14.3% from Q1 2025.
• Shack sales grew to $354 million in Q1 2026, a 14.3% increase year-over-year.
• Net income dropped to a loss of $290,000 in Q1 2026, which worsened by 106.8% from the prior year.
• Free cash flow worsened to negative $17.2 million in Q1 2026, compared to negative $2.4 million in Q1 2024.

Bottom Line

Shake Shack has transitioned from a single park kiosk into a global restaurant network. Its focus on digital ordering and varied store formats supports its expansion into new geographic territories.