secwatch.observer — SEC 8-K summary
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Issuer:     Shake Shack Inc. (SHAK)
CIK:        0001620533
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001620533-25-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620533/000162053325000006/0001620533-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620533/000162053325000006/shak-20250113.htm
  HTML page:      https://secwatch.observer/filing/0001620533-25-000006

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