Shake Shack(SHAK) - 2025 Q3 - Quarterly Results

Financial Performance - Total revenue reached $367.4 million, an increase of 15.9% compared to 2024, with $352.8 million from Shack sales and $14.6 million from licensing revenue[5] - System-wide sales amounted to $571.5 million, up 15.4% versus 2024, while same-Shack sales increased by 4.9%[5] - Operating income was $18.5 million, a significant improvement from an operating loss of $18.0 million in 2024[5] - Net income stood at $13.7 million, compared to a net loss of $11.1 million in 2024, with adjusted EBITDA of $54.1 million, up 18.2%[5] - Shack sales for the thirteen weeks ended September 24, 2025, reached $352.8 million, a 15.7% increase from $304.9 million in the same period last year[17] - Total revenue for the thirty-nine weeks ended September 24, 2025, was $1,044.8 million, up 13.1% from $923.9 million in the prior year[17] - Net income attributable to Shake Shack Inc. for the thirteen weeks ended September 24, 2025, was $12.5 million, compared to a net loss of $10.2 million in the same period last year[17] - Net income for the thirteen weeks ended September 24, 2025, was $13.7 million, compared to a loss of $11.1 million for the same period in 2024[33] Profitability Metrics - Restaurant-level profit was $80.6 million, representing 22.8% of Shack sales[5] - Restaurant-level profit for the thirty-nine weeks ended September 24, 2025, was $227.0 million, representing a 22.6% profit margin compared to 20.9% in the previous year[26] - EBITDA for the thirteen weeks ended September 24, 2025, was $48.7 million, significantly up from $11.2 million in the prior year, representing a year-over-year increase of 335%[33] - Adjusted EBITDA for the thirty-nine weeks ended September 24, 2025, was $153.8 million, compared to $128.9 million for the same period in 2024, reflecting a growth of 19.4%[33] - Adjusted EBITDA margin for the thirteen weeks ended September 24, 2025, was 14.7%, slightly up from 14.4% in the same period of 2024[35] - Adjusted pro forma net income for the thirteen weeks ended September 24, 2025, was $15.9 million, compared to $11.2 million for the same period in 2024, indicating a 42% increase[41] Shareholder Information - Earnings per share (diluted) for the thirteen weeks ended September 24, 2025, was $0.30, compared to a loss of $0.26 in the same period last year[17] - The company reported a total of 40,250 weighted-average shares of Class A common stock outstanding for the thirteen weeks ended September 24, 2025[17] - The weighted average shares of Class A common stock outstanding—diluted for the thirteen weeks ended September 24, 2025, was 41.9 million, compared to 40.0 million for the same period in 2024[41] - Adjusted pro forma earnings per fully exchanged share for the thirty-nine weeks ended September 24, 2025, was $0.94, up from $0.66 in the prior year[41] Capital Expenditures and Cash Flow - The company incurred $106.7 million in capital expenditures for the thirty-nine weeks ended September 24, 2025, compared to $100.8 million in the previous year[19] - Operating cash flow for the thirty-nine weeks ended September 24, 2025, was $159.2 million, compared to $126.1 million in the prior year[19] Assets and Liabilities - Cash and cash equivalents increased to $357.8 million from $320.7 million in December 2024[15] - Total assets grew to $1.83 billion, up from $1.70 billion in December 2024[15] - Total liabilities increased to $1.29 billion, compared to $1.20 billion in December 2024[15] - Stockholders' equity attributable to Shake Shack Inc. rose to $509.0 million from $470.0 million in December 2024[15] Operational Expansion - The company opened 13 new Company-operated Shacks and seven new licensed Shacks during the quarter[5] - Shack-level operating expenses as a percentage of Shack sales decreased to 77.2% for the thirteen weeks ended September 24, 2025, from 79.0% in the same period last year[26] Compensation - The company incurred $4.4 million in equity-based compensation for the thirteen weeks ended September 24, 2025, compared to $4.2 million in the same period of 2024[33]