Record High First Quarter Revenue and System-Wide Sales
Shake Shack achieved total revenue of $320.9 million and system-wide sales of $489.4 million with 11 new Shack openings system-wide.
Improved Profit Margins
Restaurant-level profit margins improved by 120 basis points year-over-year to 20.7%, the highest first-quarter restaurant-level profit margin since 2019.
Significant Strategic Progress
The company is making progress towards their strategic goal of expanding to 1,500 company-operated Shacks and reducing operating and build costs by at least 10% in 2025.
Innovative Culinary Strategy
Introduction of new menu items like the Dubai chocolate Pistachio Shake, which drove significant guest interest and sold out quickly.
Strong License Business Growth
License business sales grew by 10.4% year-over-year and seven new Shacks were opened under the license model.