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

Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001620533-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000162053324000036/0001620533-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000162053324000036/shak-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001620533-24-000036

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