---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-23-000034"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:08:28.412964+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q1 revenue $253.3M (+24.5%); SSS +10.3%; adj. EBITDA $27.6M (+163.9%)

## Summary
- Total revenue $253.3M (+24.5% YoY); system-wide sales $394.7M (+27.5%).
- Same-Shack sales +10.3% driven by price +5.5% and traffic +4.8%.
- Adjusted EBITDA $27.6M (+163.9% YoY); net loss $1.6M ($0.04 loss per share).
- Shack-level operating profit margin 18.3%, up 310 bps YoY.
- FY2023 guidance: revenue $1.06-1.11B, adj. EBITDA $110-125M, 70-75 new Shacks.

## SEC filing metadata
- accession: 0001620533-23-000034
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000034/0001620533-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000034/shak-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-23-000034
- JSON: https://secwatch.observer/filing/0001620533-23-000034.json
- Plain text: https://secwatch.observer/filing/0001620533-23-000034.txt

## Key facts
- Earnings Releases
  Shake Shack Inc. reported the fiscal first quarter ended March 29, 2023 results: revenue Total revenue of $253.3 million, net income Net loss attributable to Shake Shack Inc. of $1.5 million, EPS a loss of $0.04 per share.
  - Period: the fiscal first quarter ended March 29, 2023
  - Revenue: Total revenue of $253.3 million
  - Net income: Net loss attributable to Shake Shack Inc. of $1.5 million
  - EPS: a loss of $0.04 per share
  - Result: reported results
  source text: Shake Shack Announces First Quarter 2023 Financial Results ▪ Total revenue of $253.3 million, up 24.5% versus 2022, including $244.3 million of Shack sales and $9.0 million of Licensing revenue. ▪ System-wide sales of $394.7 million, up 27.5% versus 2022. ▪ Same-Shack sales up 10.3% versus 2022. ▪ Operating loss of $3.2 million. • Shack-level operating profit (1) of $44.7 million, or 18.3% of Shack sales. ▪ Net loss of $1.6 million. • Adjusted EBITDA (1) of $27.6 million. ▪ Net loss attributable to Shake Shack Inc. of $1.5 million, or a loss of $0.04 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000162053323000034/0001620533-23-000034-index.htm

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