Fast-food chain Shake Shack (NYSE:SHAK) will be reporting results tomorrow before the bell. Here’s what investors should know.
Shake Shack met analysts’ revenue expectations last quarter, reporting revenues of $328.7 million, up 14.8% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is Shake Shack a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Shake Shack’s revenue to grow 12.7% year on year to $327.4 million, slowing from the 14.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Shake Shack has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Shake Shack’s peers in the restaurants segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Chipotle delivered year-on-year revenue growth of 6.4%, missing analysts’ expectations by 2.1%, and Brinker International reported revenues up 27.2%, topping estimates by 2.6%. Chipotle traded up 1.7% following the results.
Read our full analysis of Chipotle’s results here and Brinker International’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the restaurants stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.5% on average over the last month. Shake Shack is down 3.1% during the same time and is heading into earnings with an average analyst price target of $113.95 (compared to the current share price of $88.20).
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