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

Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001620533-24-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shake Shack Q2 revenue $316.5M (+16.4% YoY), SSS +4.0%, adj. EBITDA $47.2M
--------------------------------------------------------------------------

- Net income $10.4M ($0.23 diluted EPS); adjusted pro forma net income $12.1M ($0.27 per diluted share).
- Restaurant-level profit margin 22.0% (+100bps YoY), highest since 2019.
- System-wide sales $483.7M (+13.5% YoY); opened 12 company-operated and 11 licensed Shacks.
- FY2024 guidance reaffirmed: total revenue growth 14-15%, adj. EBITDA growth >25%, positive free cash flow first since 2017.
- COGS improved 120bps to 27.8% of Shack sales; labor margin improved 50bps YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000162053324000083/0001620533-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000162053324000083/shak-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001620533-24-000083

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