Shake Shack reports preliminary Q4 revenue $400.5M, consensus $408.98M

Reports preliminary Q4 same-Shack sales up 2.1%. Reports preliminary FY25 revenue $1.45B, consensus $1.45B. “Shake Shack (SHAK) team members have delivered strong 2025 business results despite a challenging macroeconomic environment. In January of 2025, we increased our total addressable market forecast from 450 Company-operated Shacks to 1500. I am pleased to share that in 2025, we opened 45 new Company-operated Shacks, and we currently have the largest pipeline of new Shacks in the Company’s history. We now have 373 Company-operated restaurants and have guided to build another 55-60 Shacks in 2026. We continue to improve our returns on these Shacks by expanding operating margins, decreasing build costs, and most importantly, growing sales,” said CEO Rob Lynch. “In 4Q25, our same-Shack sales grew sequentially throughout the quarter. However, the last six weeks of the quarter did not meet our expectations due to inclement weather in some of our most heavily penetrated markets like the Northeast. Despite these short term challenges, we delivered positive same-Shack sales and positive traffic for the quarter. These results can be attributed to our culinary innovation, like the ‘Big Shack’, our strategic value platforms like our ‘$1,$3,$5’ in-app promotion, and the increase in traffic and brand awareness generated by our media investments,” added Lynch.