Shake Shack Inc. has announced its first-quarter 2025 financial results, reporting a total revenue of $320.9 million, representing a 10.5% increase from the same period in 2024. Within this, Shack sales accounted for $309.8 million, while licensing revenue contributed $11.1 million.
System-wide sales reached $489.4 million, up 10.4% from 2024, and same-Shack sales saw a modest increase of 0.2% compared to the previous year.
Operating income for the quarter was $2.8 million, a significant improvement from the $0.0 million reported in 2024. Restaurant-level profit stood at $64.2 million, representing 20.7% of Shack sales.
Net income for the quarter was $4.5 million, up from $2.2 million in 2024. Adjusted EBITDA also rose by 13.5% to $40.7 million.
During the quarter, Shake Shack opened four new company-operated Shacks, including two drive-thrus, and launched seven new licensed Shacks.
Looking at the balance sheet, as of March 26, 2025, the company's total assets amounted to $1,727.5 million, showing an increase from the $1,697.0 million reported in the prior period. Cash and cash equivalents were $312.9 million, down from $320.7 million in the previous quarter.
In terms of liabilities, the company reported total liabilities of $1,229.9 million, compared to $1,203.3 million in the previous quarter.
The company's non-GAAP financial measures, including Restaurant-level profit, EBITDA, and Adjusted EBITDA, provide additional insights into its operating performance. Restaurant-level profit margin, which represents 20.7% of Shack sales, also demonstrates the company's ability to manage operating expenses.
Following these announcements, the company's shares moved 4.5%, and are now trading at a price of $91.69. For the full picture, make sure to review Shake Shack's 8-K report.
