← Shake Shack Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL REVENUE | $268.5m | $358.8m | $459.3m | $594.5m | $522.9m | $739.9m | $900.5m | $1.1b | $1.3b | $1.4b | |
| Other operating expenses | $24.9m | $35.8m | $51.8m | $69.2m | $73.2m | $103.2m | $130.9m | $149.4m | $178.4m | $212.7m | |
| INCOME FROM OPERATIONS | $27.8m | $33.8m | $31.7m | $25.7m | ($43.9m) | ($15.9m) | ($26.9m) | $5.9m | $3.0m | $62.5m | |
| Impairments, loss on disposal of assets, and Shack closures | $34k | $608k | $917k | $1.4m | $10.2m | $1.6m | $2.4m | $3.0m | $32.4m | $5.2m | |
| Other income, net | $1.1m | $128.1m | $1.5m | $2.3m | — | $95k | $4.1m | $12.8m | $13.3m | $12.3m | |
| INCOME BEFORE INCOME TAXES | $28.5m | $160.3m | $30.8m | $27.5m | ($45.5m) | ($17.3m) | ($24.3m) | $17.0m | $14.2m | $72.6m | |
| NET INCOME | $22.1m | $8.9m | $21.9m | $24.1m | ($45.5m) | ($10.1m) | ($26.0m) | $21.0m | $10.8m | $49.7m | |
| Less: Net income attributable to non-controlling interests | $9.7m | $9.2m | $6.8m | $4.3m | ($3.4m) | ($1.5m) | ($1.9m) | $726k | $613k | $4.0m | |
| Net income attributable to Shake Shack Inc.—basic | $12.4m | ($320k) | $15.2m | $19.8m | ($42.2m) | ($8.7m) | ($24.1m) | $20.3m | $10.2m | $45.7m | |
| Basic (in dollars per share) | $0.96 | $0.34 | $0.78 | $0.77 | ($1.23) | ($0.26) | ($0.66) | $0.53 | $0.27 | $1.24 | |
| Diluted (in dollars per share) | $0.94 | $0.34 | $0.75 | $0.75 | ($1.23) | ($0.26) | ($0.66) | $0.48 | $0.24 | $1.19 | |
| Food and paper costs | $73.8m | $98.3m | $126.1m | $168.2m | $153.3m | $218.3m | $261.6m | $305.0m | $339.9m | $396.7m | |
| Labor and related expenses | $65.5m | $91.7m | $122.1m | $160.8m | $156.8m | $215.1m | $257.4m | $304.3m | $338.8m | $360.7m | |
| Occupancy and related expenses | $21.8m | $28.2m | $32.7m | $48.5m | $51.6m | $59.2m | $68.5m | $79.8m | $93.1m | $106.6m | |
| General and administrative expenses | $30.6m | $39.0m | $52.7m | $65.6m | $64.2m | $86.0m | $118.8m | $129.5m | $149.0m | $176.2m | |
| Depreciation and amortization expense | — | — | — | $40.4m | $48.8m | $59.0m | $72.8m | $91.2m | $102.5m | $106.6m | |
| Pre-opening costs | $9.5m | $9.6m | $12.3m | $14.8m | $8.6m | $13.3m | $15.1m | $19.2m | $15.5m | $18.0m | |
| Interest expense | $374k | ($1.6m) | ($2.4m) | ($434k) | ($815k) | ($1.6m) | ($1.5m) | ($1.7m) | ($2.0m) | ($2.2m) | |
| Income tax expense (benefit) | $6.3m | $151.4m | $8.9m | $3.4m | $57k | ($7.2m) | $1.7m | ($4.0m) | $3.4m | $22.9m | |
| TOTAL EXPENSES | $240.7m | $325.0m | $427.6m | $568.8m | $566.7m | $755.7m | $927.4m | $1.1b | $1.2b | $1.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.