---
schema_version: "secwatch.filing_event.v1"
accession: "0001620533-25-000006"
form_type: "8-K"
ticker: "SHAK"
cik: "0001620533"
company_name: "Shake Shack Inc."
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T03:24:07.832810+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shake Shack Q4 Adjusted EBITDA up 48% YoY; raises long-term Shack target to 1,500+

## Summary
- Preliminary Q4 total revenue $328.7M (+14.8% YoY); same-Shack sales +4.3%; restaurant margin 22.7% (highest Q4 since 2017).
- Adjusted EBITDA $46.5M in Q4 (+48% YoY); FY24 Adjusted EBITDA $175.4M, record level.
- Opened 43 company-operated Shacks in FY24 (record) and 33 licensed; new target of at least 1,500 company-operated Shacks (from 450).
- FY2025 guidance: total revenue $1.45B–$1.48B (16–18% growth), restaurant margin ~22%, Adjusted EBITDA $200M–$210M.
- Long-term target: AUV $2.8M–$4.0M, cash-on-cash returns 30%–33%, low-teens revenue growth over three years.

## SEC filing metadata
- accession: 0001620533-25-000006
- form_type: 8-K
- ticker: SHAK
- cik: 0001620533
- company_name: Shake Shack Inc.
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620533/000162053325000006/0001620533-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620533/000162053325000006/shak-20250113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620533-25-000006
- JSON: https://secwatch.observer/filing/0001620533-25-000006.json
- Plain text: https://secwatch.observer/filing/0001620533-25-000006.txt

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