Shake Shack Inc

For the period ended Mar 27, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 27, 2024 · Filed May 3, 2024

SHAK$75.90-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income (Loss)

(in thousands, except per share amounts)

	Thirteen Weeks Ended
March 272024 · March 292023
Shack sales	$280,552		$244,254
Licensing revenue	9,952		9,024
TOTAL REVENUE	290,504		253,278
Shack-level operating expenses:
	Food and paper costs	80,253		71,772
	Labor and related expenses	81,509		74,264
	Other operating expenses	41,856		34,936
	Occupancy and related expenses	22,188		18,583
General and administrative expenses	35,944		31,311
Depreciation and amortization expense	25,441		21,322
Pre-opening costs	2,753		3,557
Impairment and loss on disposal of assets	526		722
TOTAL EXPENSES	290,470		256,467
INCOME (LOSS) FROM OPERATIONS	34		(3,189)
Other income, net	3,206		2,837
Interest expense	(508)		(403)
INCOME (LOSS) BEFORE INCOME TAXES	2,732		(755)
Income tax expense	518		867
NET INCOME (LOSS)	2,214		(1,622)
Less: Net income (loss) attributable to non-controlling interests	174		(88)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.	$2,040		$(1,534)
Earnings (Loss) per share of Class A common stock:
	Basic	$0.05		$(0.04)
	Diluted	$0.05		$(0.04)
Weighted-average shares of Class A common stock outstanding:
	Basic	39,515		39,332
	Diluted	41,259		39,332

4 |Shake Shack Inc. Form 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.