Shake Shack Inc

For the period ended Mar 26, 2025. Filed May 1, 2025.

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 26, 2025 · Filed May 1, 2025

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

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Contents

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

	Thirteen Weeks Ended
March 262025 · March 272024
Shack sales	$309,838		$280,552
Licensing revenue	11,060		9,952
TOTAL REVENUE	320,898		290,504
Shack-level operating expenses:
	Food and paper costs	86,037		80,253
	Labor and related expenses	86,668		81,509
	Other operating expenses	48,262		41,856
	Occupancy and related expenses	24,631		22,188
General and administrative expenses	40,640		35,944
Depreciation and amortization expense	26,543		25,441
Pre-opening costs	3,218		2,753
Impairments, loss on disposal of assets, and Shack closures	2,057		526
TOTAL EXPENSES	318,056		290,470
INCOME FROM OPERATIONS	2,842		34
Other income, net	2,971		3,206
Interest expense	(563)		(508)
INCOME BEFORE INCOME TAXES	5,250		2,732
Income tax expense	737		518
NET INCOME	4,513		2,214
Less: Net income attributable to non-controlling interests	268		174
NET INCOME ATTRIBUTABLE TO SHAKE SHACK INC.	$4,245		$2,040
Earnings per share of Class A common stock:
	Basic	$0.11		$0.05
	Diluted	$0.10		$0.05
Weighted-average shares of Class A common stock outstanding:
	Basic	40,120		39,515
	Diluted	41,864		41,259

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.