Shake Shack Inc

For the period ended Sep 25, 2024. Filed Oct 31, 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.

Sep 25, 2024 · Filed Oct 31, 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 · Thirty-Nine Weeks Ended
September 252024 · September 272023 · September 252024 · September 272023
Shack sales	$304,897		$264,980		$890,929		$771,044
Licensing revenue	12,027		11,227		32,995		30,246
TOTAL REVENUE	316,924		276,207		923,924		801,290
Shack-level operating expenses:
	Food and paper costs	86,056		77,180		251,362		224,752
	Labor and related expenses	85,523		76,233		253,646		225,655
	Other operating expenses	45,564		37,307		131,373		108,352
	Occupancy and related expenses	23,608		20,300		69,022		58,684
General and administrative expenses	35,691		30,939		107,948		93,726
Depreciation and amortization expense	25,722		23,130		76,659		66,704
Pre-opening costs	3,662		4,969		10,429		14,103
Impairments, loss on disposal of assets, and Shack closures	29,086		492		30,657		2,098
TOTAL EXPENSES	334,912		270,550		931,096		794,074
INCOME (LOSS) FROM OPERATIONS	(17,988)		5,657		(7,172)		7,216
Other income, net	3,504		3,441		10,010		9,505
Interest expense	(498)		(433)		(1,533)		(1,241)
INCOME (LOSS) BEFORE INCOME TAXES	(14,982)		8,665		1,305		15,480
Income tax expense (benefit)	(3,873)		529		(182)		1,743
NET INCOME (LOSS)	(11,109)		8,136		1,487		13,737
Less: Net income (loss) attributable to non-controlling interests	(898)		509		(10)		696
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.	$(10,211)		$7,627		$1,497		$13,041
Earnings (Loss) per share of Class A common stock:
	Basic	$(0.26)		$0.19		$0.04		$0.33
	Diluted	$(0.26)		$0.19		$0.03		$0.31
Weighted-average shares of Class A common stock outstanding:
	Basic	40,010		39,460		39,758		39,402
	Diluted	40,010		43,978		44,163		43,884

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.