Shake Shack Inc
For the period ended Jun 26, 2024. Filed Aug 2, 2024.
View on SEC.govAbout 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.
Jun 26, 2024 · Filed Aug 2, 2024
SHAK$75.90-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
| Thirteen Weeks Ended · Twenty-Six Weeks Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| June 262024 · June 282023 · June 262024 · June 282023 | ||||||||
| Shack sales | $305,480 | $261,810 | $586,032 | $506,064 | ||||
| Licensing revenue | 11,016 | 9,995 | 20,968 | 19,019 | ||||
| TOTAL REVENUE | 316,496 | 271,805 | 607,000 | 525,083 | ||||
| Shack-level operating expenses: | ||||||||
| Food and paper costs | 85,053 | 75,800 | 165,306 | 147,572 | ||||
| Labor and related expenses | 86,614 | 75,158 | 168,123 | 149,422 | ||||
| Other operating expenses | 43,953 | 36,109 | 85,809 | 71,045 | ||||
| Occupancy and related expenses | 23,226 | 19,801 | 45,414 | 38,384 | ||||
| General and administrative expenses | 36,313 | 31,476 | 72,257 | 62,787 | ||||
| Depreciation and amortization expense | 25,496 | 22,252 | 50,937 | 43,574 | ||||
| Pre-opening costs | 4,014 | 5,577 | 6,767 | 9,134 | ||||
| Impairment and loss on disposal of assets | 1,045 | 884 | 1,571 | 1,606 | ||||
| TOTAL EXPENSES | 305,714 | 267,057 | 596,184 | 523,524 | ||||
| INCOME FROM OPERATIONS | 10,782 | 4,748 | 10,816 | 1,559 | ||||
| Other income, net | 3,300 | 3,227 | 6,506 | 6,064 | ||||
| Interest expense | (527) | (405) | (1,035) | (808) | ||||
| INCOME BEFORE INCOME TAXES | 13,555 | 7,570 | 16,287 | 6,815 | ||||
| Income tax expense | 3,173 | 347 | 3,691 | 1,214 | ||||
| NET INCOME | 10,382 | 7,223 | 12,596 | 5,601 | ||||
| Less: Net income attributable to non-controlling interests | 714 | 275 | 888 | 187 | ||||
| NET INCOME ATTRIBUTABLE TO SHAKE SHACK INC. | $9,668 | $6,948 | $11,708 | $5,414 | ||||
| Earnings per share of Class A common stock: | ||||||||
| Basic | $0.24 | $0.18 | $0.30 | $0.14 | ||||
| Diluted | $0.23 | $0.16 | $0.28 | $0.13 | ||||
| Weighted-average shares of Class A common stock outstanding: | ||||||||
| Basic | 39,750 | 39,416 | 39,632 | 39,374 | ||||
| Diluted | 41,480 | 43,886 | 41,369 | 43,837 | ||||
4 |Shake Shack Inc. Form 10-Q
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.