Strong Revenue Growth
Total revenue for the second quarter was $356.5 million, supported by 22 new Shack openings system-wide and positive same-Shack sales growth.
Record Adjusted EBITDA
Adjusted EBITDA grew by 24.8% year-over-year to $58.9 million, representing 16.5% of total revenue, marking the highest second-quarter margin since 2018.
Improved Restaurant-Level Margins
Restaurant-level margin expanded by nearly 200 basis points year-over-year to approximately 24%, the highest in the last 24 quarters.
New Shack Openings
Opened 13 new domestic company-operated Shacks in Q2, with a plan to open 45 to 50 company-operated Shacks in 2025, marking the largest class in company history.
Innovative Marketing and Culinary Initiatives
Implemented a paid media component and launched new products like the Dubai Shake. Positive traffic trends with 3.2% same-Shack sales growth in July.
International Expansion and Licensing Success
Strong performance in the licensed business with 9 new openings, including new partnerships with PENN Entertainment and Grupo Attie-Multifood Enterprises.