Shake Shack (SHAK) shares were down over 7% in Tuesday trading after the company cut its fiscal Q2 revenue and fiscal 2026 net income guidance.

The company now expects fiscal Q2 revenue between $415 million and $420 million, down from prior guidance of $424 million to $428 million.

Analysts polled by FactSet expect $421.4 million.

For fiscal 2026, Shake Shack expects net income between $45 million and $55 million, compared with previous guidance of $50 million to $60 million.

Analysts surveyed by FactSet expect $52.5 million.

Price: 57.08, Change: -5.14, Percent Change: -8.26