Shake Shack Inc.
For the period ended Sep 24, 2025. Filed Oct 30, 2025.
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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 24, 2025 · Filed Oct 30, 2025
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
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except per share amounts)
| Thirteen Weeks Ended · Thirty-Nine Weeks Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| September 242025 · September 252024 · September 242025 · September 252024 | ||||||||
| Shack sales | $352,846 | $304,897 | $1,005,908 | $890,929 | ||||
| Licensing revenue | 14,565 | 12,027 | 38,867 | 32,995 | ||||
| TOTAL REVENUE | 367,411 | 316,924 | 1,044,775 | 923,924 | ||||
| Shack-level operating expenses: | ||||||||
| Food and paper costs | 103,461 | 86,056 | 286,119 | 251,362 | ||||
| Labor and related expenses | 88,033 | 85,523 | 262,759 | 253,646 | ||||
| Other operating expenses | 53,779 | 45,564 | 152,809 | 131,373 | ||||
| Occupancy and related expenses | 26,995 | 23,608 | 77,219 | 69,022 | ||||
| General and administrative expenses | 44,381 | 35,691 | 125,692 | 107,948 | ||||
| Depreciation and amortization expense | 27,079 | 25,722 | 80,167 | 76,659 | ||||
| Pre-opening costs | 4,625 | 3,662 | 12,798 | 10,429 | ||||
| Impairments, loss on disposal of assets, and Shack closures | 510 | 29,086 | 3,448 | 30,657 | ||||
| TOTAL EXPENSES | 348,863 | 334,912 | 1,001,011 | 931,096 | ||||
| INCOME (LOSS) FROM OPERATIONS | 18,548 | (17,988) | 43,764 | (7,172) | ||||
| Other income, net | 3,103 | 3,504 | 8,924 | 10,010 | ||||
| Interest expense | (504) | (498) | (1,615) | (1,533) | ||||
| INCOME (LOSS) BEFORE INCOME TAXES | 21,147 | (14,982) | 51,073 | 1,305 | ||||
| Income tax expense (benefit) | 7,436 | (3,873) | 14,366 | (182) | ||||
| NET INCOME (LOSS) | 13,711 | (11,109) | 36,707 | 1,487 | ||||
| Less: Net income (loss) attributable to non-controlling interests | 1,210 | (898) | 2,813 | (10) | ||||
| NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC. | $12,501 | $(10,211) | $33,894 | $1,497 | ||||
| Earnings (Loss) per share of Class A common stock: | ||||||||
| Basic | $0.31 | $(0.26) | $0.84 | $0.04 | ||||
| Diluted | $0.30 | $(0.26) | $0.81 | $0.03 | ||||
| Weighted-average shares of Class A common stock outstanding: | ||||||||
| Basic | 40,250 | 40,010 | 40,199 | 39,758 | ||||
| Diluted | 41,874 | 40,010 | 41,852 | 44,163 | ||||
4 |Shake Shack Inc. Form 10-Q
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