---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-23-000012"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:31:18.236234+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q4 revenue $238.5M (+17.4%), net loss $11.1M; FY revenue $900.5M

## Summary
- Q4 total revenue $238.5M, up 17.4% YoY; same-Shack sales +5.1%.
- Q4 net loss $11.1M (GAAP); adjusted pro forma net loss $2.6M ($0.06 per share).
- Adjusted EBITDA $19.3M, up 55.1% YoY; Shack-level operating profit margin 18.8%.
- FY 2022 revenue $900.5M (+21.7%), net loss $26.0M; opened 36 company-operated Shacks.
- FY 2023 outlook: ~40 company-operated Shacks (10-15 drive-thrus) and 25-30 licensed Shacks.

## SEC filing metadata
- accession: 0001620533-23-000012
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000012/0001620533-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000012/shak-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-23-000012
- JSON: https://secwatch.observer/filing/0001620533-23-000012.json
- Plain text: https://secwatch.observer/filing/0001620533-23-000012.txt

## Key facts
- Earnings Releases
  Shake Shack Inc. reported the fiscal fourth quarter ended December 28, 2022 results: revenue $238.5 million, net income Net loss attributable to Shake Shack Inc. of $10.7 million, EPS a loss of $0.27 per share.
  - Period: the fiscal fourth quarter ended December 28, 2022
  - Revenue: $238.5 million
  - Net income: Net loss attributable to Shake Shack Inc. of $10.7 million
  - EPS: a loss of $0.27 per share
  - Result: reported results
  source text: Financial Highlights for the Fourth Quarter 2022: ▪ Total revenue of $238.5 million, up 17.4% versus 2021, including $229.9 million of Shack sales and $8.6 million of Licensing revenue. ▪ System-wide sales of $364.1 million, up 15.8% versus 2021. ▪ Same-Shack sales up 5.1% versus 2021. ▪ Operating loss of $6.3 million. • Shack-level operating profit (1) of $43.2 million, or 18.8% of Shack sales. ▪ Net loss of $11.1 million. • Adjusted EBITDA (1) of $19.3 million. ▪ Net loss attributable to Shake Shack Inc. of $10.7 million, or a loss of $0.27 per share. • Adjusted pro forma net loss (1) of $2.6 million, or a loss of $0.06 per fully exchanged and diluted share. ▪ Opened 22 new domestic Company-operated Shacks. Opened 13 new licensed Shacks, including locations in China, Japan, and Mexico.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000012/0001620533-23-000012-index.htm
- Earnings Releases
  Shake Shack Inc. reported the fiscal year ended December 28, 2022 results: revenue $900.5 million, net income Net loss attributable to Shake Shack Inc. of $24.1 million, EPS a loss of $0.61 per share.
  - Period: the fiscal year ended December 28, 2022
  - Revenue: $900.5 million
  - Net income: Net loss attributable to Shake Shack Inc. of $24.1 million
  - EPS: a loss of $0.61 per share
  - Result: reported results
  source text: Financial Highlights for the Fiscal Year 2022: ▪ Total revenue of $900.5 million, up 21.7% versus 2021, including $869.3 million of Shack sales and $31.2 million of Licensing revenue. ▪ System-wide sales of $1,378.5 million, up 22.7% versus 2021. ▪ Same-Shack sales up 7.8% versus 2021. ▪ Operating loss of $26.9 million. • Shack-level operating profit (1) of $151.0 million, or 17.4% of Shack sales. ▪ Net loss of $26.0 million. • Adjusted EBITDA (1) of $70.5 million. ▪ Net loss attributable to Shake Shack Inc. of $24.1 million, or a loss of $0.61 per share. • Adjusted pro forma net loss (1) of $12.9 million, or a loss of $0.31 per fully exchanged and diluted share. ▪ Opened 36 new domestic Company-operated Shacks. Opened 33 new licensed Shacks, including locations in 4 new markets in China.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000012/0001620533-23-000012-index.htm

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