Shake Shack(SHAK)2025-01-13 12:06Revenue and Sales Performance - Total revenue for 4Q24 was $328.7 million, and $1.3 billion for FY24, with Shack sales contributing $316.6 million in 4Q24 and $1.2 billion in FY24[2] - Same-Shack sales grew by 4.3% in 4Q24 and 3.6% in FY24 compared to 2023[2] - System-wide sales for 4Q24 were $500.7 million and $1.9 billion for FY24[2] - Licensing revenue for 4Q24 was $12.1 million and $45.0 million for FY24[2] Profitability and Margins - Restaurant-level profit margin reached 22.7% in 4Q24, the highest fourth quarter level since 2017, and 21.4% in FY24[2] - Adjusted EBITDA grew by 48% year-over-year in 4Q24, reaching $46.5 million, and $175.4 million for FY24[9] - For FY2025, the company expects total revenue growth of 16%-18%, restaurant-level profit margin of approximately 22%, and Adjusted EBITDA growth of 14%-20%[1] - The company's three-year financial growth targets include low-teens percentage growth in total revenue and system-wide unit growth, with restaurant-level profit margin at least approximately 22%[9] Expansion and Growth Targets - The company opened 43 new Company-operated Shacks in FY24, including 19 in 4Q24, and 33 new licensed Shacks, with 9 opened in 4Q24[9] - The company updated its long-term target for Company-operated Shacks to at least 1,500, up from the previous target of 450[5]