Shake Shack Q3 revenue $317M (+14.7% YoY), same-Shack sales +4.4%, net loss $11.1M includes $29M impairment

Shake Shack Inc.

2024-Q3 EPS reported $0.03 revenue$923,924,000

Total revenue $316.9M (+14.7% YoY); same-Shack sales +4.4%; system-wide sales $495.1M (+12.8%).
Restaurant-level profit margin 21.0% (up 60 bps YoY); Adjusted EBITDA $45.8M (+28% YoY).
GAAP net loss $11.1M ($0.26 per share) includes $29.1M impairment; adjusted pro forma net income $11.2M ($0.25).
Opened 8 company-operated Shacks (3 drive-thrus) and 9 licensed Shacks in Q3.
FY2024 guidance: revenue ~$1.25B, Adj. EBITDA $168M-$170M (27-29% growth); FY2025 target ~45 company openings.

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