secwatch.observer — SEC 8-K summary
======================================

Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001620533-22-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000162053322000029/0001620533-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000162053322000029/shak-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001620533-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer