---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-22-000029"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:44:36.737359+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q1 revenue up 31% to $203.4M; net loss $11.3M; same-Shack sales +10.3%

## Summary
- Total revenue $203.4M (+31% YoY), Shack sales $196.8M, licensing revenue $6.6M (+43%).
- Operating loss $14.9M; net loss $11.3M; adjusted EBITDA $9.6M (+34.1%).
- Same-Shack sales +10.3% (urban +19%, suburban +4%); March AWS $74K, April $76K.
- Opened 7 domestic company-operated Shacks (2 drive-thrus) and 6 licensed Shacks in Q1.
- Raised menu prices ~3.5% in March; expects 40-45 domestic and 23-27 licensed openings in FY2022.

## SEC filing metadata
- accession: 0001620533-22-000029
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000162053322000029/0001620533-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053322000029/shak-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-22-000029
- JSON: https://secwatch.observer/filing/0001620533-22-000029.json
- Plain text: https://secwatch.observer/filing/0001620533-22-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.