Shake Shack Q4 Revenue Up 21.9%

By Chris Stiles • Thursday, February 26 12:56 • Permanent Link

Shake Shack Inc. has announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. The company reported total revenue of $400.5 million for the fourth quarter, representing a 21.9% increase from the same period in 2024. This includes $385.3 million in Shack sales and $15.2 million in Licensing revenue. System-wide sales increased by 23.4% to $618.0 million, and same-Shack sales were up by 2.1% compared to 2024.

Operating income for the fourth quarter was $18.7 million, with restaurant-level profit at $87.4 million, or 22.7% of Shack sales. The net income attributable to Shake Shack Inc. was $11.8 million, or earnings of $0.28 per diluted share. Adjusted EBITDA for the quarter was reported at $56.1 million, and the adjusted pro forma net income was $16.6 million, or earnings of $0.37 per fully exchanged and diluted share. The company also opened 15 new Company-operated Shacks and 17 new licensed Shacks during the quarter.

For the full fiscal year 2025, Shake Shack reported total revenue of $1,445.3 million, marking a 15.4% increase from 2024. System-wide sales were up by 15.9% to $2,228.8 million, with same-Shack sales increasing by 2.3% compared to the previous year. The operating income for the fiscal year stood at $62.5 million, with restaurant-level profit at $314.5 million, or 22.6% of Shack sales. The net income attributable to Shake Shack Inc. was $45.7 million, or earnings of $1.09 per diluted share. Adjusted EBITDA for the fiscal year was $209.9 million, and the adjusted pro forma net income was reported at $58.3 million, or earnings of $1.32 per fully exchanged and diluted share. The company also opened 45 new Company-operated Shacks and 40 new licensed Shacks during the fiscal year.

In terms of assets, as of December 31, 2025, Shake Shack reported total current assets of $430.3 million, including $360.1 million in cash and cash equivalents. The company's total assets stood at $1,896.2 million. On the liabilities side, Shake Shack reported total current liabilities of $244.9 million and long-term debt of $247.7 million. The total equity attributable to Shake Shack Inc. was $525.3 million.

The market has reacted to these announcements by moving the company's shares -1.64% to a price of $99.12. For the full picture, make sure to review Shake Shack's 8-K report.

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