Every 8-K that Shake Shack Inc. (SHAK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SHAK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SHAK filings page.
Shake Shack Inc. reported strong top-line growth for the second quarter of 2026, with total revenue of $417.6 million, up 17.2% versus 2025. Shack sales were $403.4 million and licensing revenue $14.2 million. System-wide sales reached $625.8 million, up 13.8%. Same-Shack sales grew 3.5% with positive traffic of 2.0%, and average weekly sales were a steady $78,000.
Profitability was mixed. Restaurant-level profit was $92.7 million with a margin of 23.0% of Shack sales, down 90 basis points year over year, reflecting record-high beef costs and higher operating expenses. Operating income was $20.7 million and net income $16.9 million; diluted EPS was $0.37. Adjusted EBITDA was $61.2 million, up 3.9%, with a 14.7% margin. The company ended the quarter with $308.0 million in cash and $248.3 million of long-term debt.
Growth remains a focus. Shake Shack opened 16 new Company-operated and 11 new licensed Shacks in the quarter, bringing the system-wide count to 703. For fiscal 2026, management projects total revenue of $1.6–$1.7 billion, restaurant-level profit margin of 22.0%–23.0%, adjusted EBITDA of $225–$235 million, and an adjusted pro forma tax rate of 25%–27%.
Shake Shack Inc. appointed retail industry veteran Christiane Pendarvis to its Board of Directors, effective July 2, 2026. The Board size increases from eight to nine members, and she will serve as a Class director standing for election at the 2029 annual stockholders meeting.
The Board determined that Ms. Pendarvis is independent under New York Stock Exchange rules and the company’s governance guidelines. She will join the Nominating & Corporate Governance Committee and receive standard non-employee director compensation under existing Board arrangements.
Ms. Pendarvis brings more than 25 years of experience leading direct-to-consumer and omnichannel consumer brands, including leadership roles at PATTERN Beauty, Savage X Fenty, Victoria’s Secret, Aerie, Old Navy, Minted and FullBeauty Brands, as well as prior board service at Hims & Hers and Savage X Fenty.
Shake Shack Inc. reported the results of its annual stockholder meeting held on June 10, 2026. Stockholders elected Robert Lynch and Tristan Walker as Class II directors to serve until the 2029 annual meeting and until their successors are elected and qualified.
Ernst & Young LLP was ratified as independent registered public accounting firm for the fiscal year ending December 30, 2026. Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers.
Shake Shack Inc. updated its outlook for the fiscal second quarter and full year 2026 to reflect a tougher macro environment and competitive pressures while emphasizing that its core business drivers remain strong. For the quarter ending July 1, 2026, the Company now expects total revenue of $415–$420 million, down from prior guidance of $424–$428 million, with same-shack sales growth of 2.5%–3.0% versus 3.0%–5.0% previously.
Quarterly restaurant-level profit margin is now projected at 22.0%–23.0%, below the prior 24.0%–24.5% range, and company-operated openings are expected to be approximately 16, at the low end of the earlier 16–19 range. For fiscal 2026, Shake Shack now targets restaurant-level profit margin of 22.0%–23.0%, Adjusted EBITDA of $225–$235 million compared with $230–$245 million before, and net income of $45–$55 million versus $50–$60 million previously.
Shake Shack Inc. appointed Michelle Hook as its new Chief Financial Officer, effective May 11, 2026. She joins from Portillo’s, where she was CFO, and previously spent more than 17 years at Domino’s Pizza in senior finance roles.
Hook’s employment agreement provides a 1‑year initial term with automatic 1‑year renewals, a starting base salary of $625,000, and an annual bonus opportunity targeted at 100% of salary, with potential up to 200% if performance goals are exceeded. She will receive a $300,000 cash signing award, a July 15, 2026 signing equity grant of restricted stock units valued at $1,200,000 that vests over three years, and is expected to receive an annual equity award from fiscal 2027 with a minimum targeted grant date fair value of $900,000. The agreement includes relocation support, severance protections for certain terminations, and 12‑month non‑competition and non‑solicitation covenants.
Shake Shack Inc. reported fiscal first quarter 2026 results showing strong sales growth but slimmer profitability. Total revenue rose 14.3% year-over-year to $366.7 million, driven by $354.0 million of Shack sales and $12.7 million of licensing revenue. System-wide sales reached $558.3 million, up 14.1%, while Same-Shack sales grew 4.6% with traffic up 1.4%, marking a third consecutive quarter of positive traffic.
Restaurant-level profit increased to $75.1 million and margin expanded 50 basis points to 21.2% of Shack sales, reflecting labor efficiencies and supply chain gains despite higher beef costs. However, the company swung to an operating loss of $2.6 million and a net loss of $0.3 million, compared with net income of $4.5 million a year earlier, as general and administrative expenses, pre-opening costs, and other operating expenses rose.
Adjusted EBITDA declined 9.3% to $37.0 million, or 10.1% of total revenue, reflecting higher investments in technology, marketing, and new unit growth. Shake Shack opened 17 new Company-operated Shacks and 5 licensed Shacks in the quarter, ending with 679 system-wide locations, and raised full-year guidance to 60–65 new Company-operated openings and 40–45 licensed openings for 2026.
Shake Shack Inc. has launched Project Catalyst, a comprehensive technology initiative designed to support its expansion toward 1,500 Company-operated Shacks. The program focuses on modernizing point-of-sale and kitchen display systems through a partnership with Qu, building the company’s first loyalty platform, expanding proprietary AI capabilities, and strengthening data and insight platforms.
These efforts aim to improve operational efficiency, deepen guest engagement, and create a unified ecosystem connecting POS, digital, loyalty, and AI systems in support of Shake Shack’s “Enlightened Hospitality” vision. The company also reiterated its previously issued first-quarter and full-year 2026 guidance and three-year financial targets, noting that these outlooks already reflect the expected impacts of Project Catalyst.
Shake Shack Inc. reported that long-time director Joshua Silverman has informed the Board of his intention to step down as a Class II director, effective May 1, 2026, after more than nine years of service. He will also leave the Board’s Audit and Nominating and Corporate Governance Committees on that date.
The Board has decided to reduce its size from nine to eight directors effective May 1, 2026. After this change, the Board will be composed of three Class I directors, two Class II directors, and three Class III directors. The company states that Mr. Silverman’s decision is not due to any dispute or disagreement with the company or the Board.
Shake Shack Inc. issued an update to correct a disclosure in its Management’s Discussion and Analysis for the year ended December 31, 2025. The company clarified the contribution from 45 new Company-operated Shacks to Shack sales.
The revised text states Shack sales for 2025 increased 15.2% to $1.4 billion versus the prior year. New Company-operated Shacks contributed $68.3 million, not $218.5 million as previously stated, with the increase partially offset by a decline in guest traffic. Excluding the 53rd week, Shack sales rose 12.9% year over year.
Shake Shack Inc. reported strong fourth-quarter and full-year 2025 results, highlighting double-digit growth and expanding profitability. For Q4 2025, total revenue reached $400.5 million, up 21.9% year-over-year, with Shack sales of $385.3 million and licensing revenue of $15.2 million. Same-Shack sales grew 2.1%, marking the 20th consecutive quarter of positive comparable sales. Restaurant-level profit was $87.4 million, maintaining a 22.7% margin, while net income was $13.0 million and adjusted EBITDA was $56.1 million.
For fiscal 2025, revenue grew 15.4% to $1.45 billion, system-wide sales were $2.23 billion, and same-Shack sales increased 2.3%. Restaurant-level profit rose to $314.5 million with a 22.6% margin, net income was $49.7 million, and adjusted EBITDA reached $209.9 million. The company opened 45 new Company-operated and 40 licensed Shacks, reduced average new-build costs to under $2 million, and ended the year with 659 system-wide locations. Management outlined 2026 guidance, including 55–60 new Company-operated Shacks, 40–45 licensed openings, revenue of $1.6–$1.7 billion and targeted restaurant-level margins of 23.0%–23.5%.
Shake Shack Inc. appointed its current Corporate Controller, Peter Herpich, to serve as principal financial officer on an interim basis. This follows the previously disclosed resignation of Chief Financial Officer Katherine Fogertey, who remains a Senior Advisor to the company until March 4, 2026.
Herpich, age 55, has been Senior Vice President, Corporate Controller since joining Shake Shack in May 2023, after senior finance roles at Casper Inc. and Barnes & Noble, Inc. The company has begun a search for a new Chief Financial Officer. The filing states there are no special arrangements or family relationships related to his interim designation and no related-party transactions requiring disclosure.
Shake Shack Inc. reported that it has released a press release with preliminary, unaudited results for its fiscal fourth quarter and full year ended December 31, 2025. These early figures are being shared ahead of final audited results to give the market an initial view of performance.
The company is also presenting these preliminary results at the 28th Annual ICR Conference on January 12, 2026, with a live webcast available through its investor relations website. The press release containing the detailed financial information is furnished as an exhibit and is not incorporated into other securities filings unless specifically referenced.
Shake Shack Inc. announced that Chief Financial Officer Katherine Fogertey will step down effective March 4, 2026. She will immediately move into a Senior Advisor role to support a smooth transition while the company conducts a search for a new CFO.
Under a Transition and Advisory Agreement dated November 20, 2025, Ms. Fogertey will continue to receive her annual base salary of $618,000 through the resignation date and her outstanding restricted stock unit and performance stock unit awards will continue to vest under existing terms. She will receive 100% of her bonus earned for fiscal year 2025, and restricted stock units scheduled to vest on July 15, 2026 and March 1, 2027 will instead vest on the resignation date. She will not receive a bonus or new equity awards for fiscal year 2026 and will keep current benefits through the resignation date, with limited paid time off accrual.
The company stated that her transition is in the ordinary course of business and not due to any disagreement over accounting, financial reporting, or disclosure matters. A press release announcing her resignation also reiterated previously issued guidance for the fourth quarter of 2025, the full 2025 fiscal year, and three-year financial targets for fiscal years 2025 through 2027.
Shake Shack Inc. furnished an 8-K announcing it issued a press release and shareholder letter with financial results for the fiscal third quarter ended September 24, 2025. The materials are included as Exhibit 99.1 (press release) and Exhibit 99.2 (shareholder letter) and are designated as furnished, not filed, under the Exchange Act.
The company also posted the shareholder letter on its investor website on October 30, 2025. The filing lists the exhibits and includes the Inline XBRL cover page tags.