Shake Shack Inc. (NYSE: SHAK) has announced the departure of its Chief Financial Officer (CFO), Katherine Fogertey, effective March 4, 2026. Fogertey will transition into a senior advisor role to ensure continuity across all financial functions during the transition. The company will immediately begin the search for a new CFO and has also established an office of the CFO composed of experienced leaders to provide stability during the transition.
The company has reiterated its fourth quarter and fiscal year 2025 guidance as well as its three-year financial targets provided in its Q3 2025 shareholder letter. For the fourth quarter ending December 31, 2025, Shake Shack expects total revenue of $406 million to $412 million, same-shack sales to be up low-single digits year-over-year, and shack-level operating profit margin of 23.3% to 23.8%.
For the fiscal year 2025, ending December 31, 2025, the company anticipates total revenue of approximately $1.45 billion, growing approximately 16% year-over-year, including licensing revenue of $54.1 million to $54.5 million. Same-shack sales are expected to be up low-single digits year-over-year, while shack-level operating profit margin is projected to be 22.7% to 23%.
Shake Shack also provided a glimpse into its three-year financial targets, including total revenue growth of low-teens %, system-wide unit growth of low-teens %, restaurant-level profit margin of at least 50bps expansion/year, and adjusted EBITDA growth of low-high teens %.
The company has also outlined various financial metrics for fiscal year 2025, including general and administrative expenses, equity-based compensation, depreciation and amortization expense, pre-opening costs, adjusted EBITDA, adjusted pro forma tax rate, company-operated openings, and licensed openings.
These figures are derived from preliminary, unaudited results, and are based on information currently available to the company. Shake Shack has factored in assumptions around consumer spending and inflationary headwinds, acknowledging that the estimates could differ from the actual results reported in its annual report on Form 10-K for the fiscal year ending December 31, 2025.
Shake Shack, known for its elevated versions of American classics, operates over 645 locations globally and continues to focus on delivering high-quality food and crafting uplifting experiences for its customers.
In the midst of this transition, investors and stakeholders will be closely monitoring the company's financial performance and the search for its next CFO. The market has reacted to these announcements by moving the company's shares -1.81% to a price of $86.60. If you want to know more, read the company's complete 8-K report here.
