---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-24-000036"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:33:54.920358+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q1 rev $290.5M (+14.7%); Adj EBITDA $35.9M (+30.2%); CEO transition to Rob Lynch May 20

## Summary
- Total revenue $290.5M, up 14.7% YoY; system-wide sales $443.3M, up 12.3%.
- Same-Shack sales +1.6% YoY, with April SSS accelerating to +4.9%.
- Net income $2.2M vs loss $1.6M last year; Adj EBITDA $35.9M, up 30.2%.
- Restaurant-level profit margin 19.5%, +120 bps YoY; FY2024 rev guidance $1.22B-$1.25B.
- CEO Randy Garutti to transition to advisor; Rob Lynch appointed CEO effective May 20, 2024.

## SEC filing metadata
- accession: 0001620533-24-000036
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2024-05-02T23:59:59+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/1620533/000162053324000036/0001620533-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053324000036/shak-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-24-000036
- JSON: https://secwatch.observer/filing/0001620533-24-000036.json
- Plain text: https://secwatch.observer/filing/0001620533-24-000036.txt

## Key facts
- Earnings Releases
  Shake Shack Inc. reported first quarter ended March 27, 2024 results: revenue $290.5 million, net income $2.2 million, EPS $0.05 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 27, 2024
  - Revenue: $290.5 million
  - Net income: $2.2 million
  - EPS: $0.05 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Shake Shack Announces First Quarter 2024 Financial Results ▪ Total revenue of $290.5 million, up 14.7% versus 2023, including $280.6 million of Shack sales and $9.9 million of Licensing revenue. ▪ System-wide sales of $443.3 million, up 12.3% versus 2023. ▪ Same-Shack
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620533/000162053324000036/0001620533-24-000036-index.htm

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