Every material Form 8-K Shake Shack has filed with the SEC since January 13, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Shake Shack reported results for the fiscal third quarter ended September 30, 2026. Total revenue rose 15.2% to $423.3 million, and net income attributable to Shake Shack Inc. was $16.5 million, or $0.39 per diluted share, compared with $12.5 million, or $0.30, a year earlier. Restaurant-level profit margin slipped to 22.5% from 22.8%, and average weekly sales fell 3.8%, while same-Shack sales grew 2.5%.
Total revenue of $423.3 million, up from $367.4 million in the third quarter of 2025.
Net income attributable to Shake Shack Inc. of $16.5 million, or $0.39 per diluted share, versus $0.30 a year earlier.
Adjusted EBITDA of $62.8 million, up 16.0%; restaurant-level profit margin of 22.5% versus 22.8%.
Same-Shack sales up 2.5%, including 0.8% traffic growth; average weekly sales of $75k, down 3.8%.
Shake Shack reported fiscal second-quarter 2026 total revenue of $417.6 million, up 17.2% from a year earlier, driven by Shack sales and new openings. Diluted earnings per share fell to $0.37 from $0.41, and operating income declined to $20.7 million from $22.4 million, so revenue growth did not carry through to profit. The company said results landed within revised ranges it gave in its June business update.
Total revenue $417.6 million, up 17.2%; same-Shack sales up 3.5%
Net income attributable to Shake Shack Inc. $15.7 million, or $0.37 per diluted share, versus $0.41 a year earlier
Restaurant-level profit margin 23.0% of Shack sales, down from 23.9%, citing record-high beef costs
Adjusted EBITDA $61.2 million, up 3.9%; 16 company-operated and 11 licensed Shacks opened
Shake Shack's board approved an increase in size from eight to nine members and appointed Christiane Pendarvis to fill the new seat, effective July 2, 2026. The board has determined she is independent, and she will serve on the Nominating & Corporate Governance Committee.
Effective date of appointment is July 2, 2026; she is a Class II director standing for election at the 2029 Annual Meeting.
Pendarvis has served as Co-CEO of PATTERN Beauty By Tracee Ellis Ross since October 2023 and as Co-President of Savage X Fenty from January 2020 to May 2023.
She has over 25 years of experience in direct-to-consumer and omni-channel consumer businesses, including roles at Victoria's Secret, Aerie, Old Navy, Minted and FullBeauty Brands.
Shake Shack appointed Michelle Hook as Chief Financial Officer effective May 11, 2026, reporting to CEO Robert Lynch. She previously served as CFO of Portillo's Inc. from December 2020 and spent more than 17 years at Domino's Pizza, Inc. The filing sets out her pay package, including a $625,000 base salary, a 100% target bonus and a $1,200,000 signing equity award, which matter to shareholders as a new CFO takes over financial operations.
Effective date is May 11, 2026; Hook reports to CEO Robert Lynch
Initial annual base salary of $625,000, with a target bonus of 100% of base salary
Signing cash award of $300,000 and signing RSUs with a grant date fair value of $1,200,000, granted July 15, 2026
Severance includes 12 months of base salary continuation if terminated without Cause or resigns for Good Reason
Shake Shack reported first-quarter 2026 revenue of $366.7 million, up 14.3% from a year earlier, with same-Shack sales up 4.6%. The company swung to a net loss of $0.3 million, or $0.01 per diluted share, from net income of $4.5 million a year earlier, and Adjusted EBITDA fell 9.3% to $37.0 million, which the company said was pressured by weather. Shareholders see strong sales growth offset by lower profit, and the company raised its 2026 guidance for new Company-operated Shack openings to 60-65 from 55-60.
Total revenue $366.7 million, up 14.3%; Shack sales $354.0 million and licensing revenue $12.7 million
Operating loss of $2.6 million versus operating income of $2.8 million a year earlier
Net loss attributable to Shake Shack Inc. of $0.3 million, or $0.01 per diluted share, versus $4.2 million net income, or $0.10 per diluted share, in the prior-year quarter
Guidance raised to 60-65 new Company-operated Shacks for 2026, from 55-60; weather reduced same-Shack sales growth by 240 basis points
Shake Shack director Joshua Silverman, who served more than nine years, will leave the board and his Audit and Nominating and Corporate Governance Committee seats effective May 1, 2026. The board is shrinking from nine seats to eight, and the company says the departure was not due to any dispute with the company or its board.
Joshua Silverman, a Class II director, steps down effective May 1, 2026, after notifying the board on March 3, 2026
He also leaves the Audit and Nominating and Corporate Governance Committees on the same date
Board size falls from nine to eight directors, with three Class I, two Class II and three Class III directors remaining
The filing states the decision was not the result of any dispute or disagreement with the company or its board
Shake Shack reported fourth-quarter 2025 total revenue of $400.5 million, up 21.9% from a year earlier, and net income attributable to Shake Shack Inc. of $11.8 million, or $0.28 per diluted share, compared with $8.7 million, or $0.21, in the prior-year quarter. For the fiscal year ended December 31, 2025, total revenue rose 15.4% to $1,445.3 million and diluted EPS was $1.09, versus $0.24 in fiscal 2024. The company noted that fiscal 2025 had 53 weeks, with the extra week falling in the fourth quarter.
Q4 2025 total revenue was $400.5 million, up 21.9%; same-Shack sales rose 2.1%.
Q4 2025 net income attributable to Shake Shack Inc. was $11.8 million, or $0.28 per diluted share, versus $0.21 a year earlier.
Q4 2025 Adjusted EBITDA was $56.1 million, versus $46.7 million in Q4 2024; Restaurant-level profit margin was 22.7% of Shack sales, unchanged from the prior year.
Fiscal 2025 total revenue was $1,445.3 million, up 15.4%, and Adjusted EBITDA was $209.9 million.
Shake Shack's board designated Peter Herpich, its Corporate Controller, as interim principal financial officer on February 23, 2026, while the company searches for a new chief financial officer. The change follows the November 2025 resignation of CFO Katherine Fogertey, who will serve as a Senior Advisor until March 4, 2026. The filing is a leadership change in the finance function, and it does not report any change to financial results or guidance.
Peter Herpich, age 55, designated interim principal financial officer on February 23, 2026
Katherine Fogertey resigned as CFO in November 2025 and will serve as Senior Advisor until March 4, 2026
Company has commenced a search for a new Chief Financial Officer
Herpich joined Shake Shack in May 2023 and previously held controller roles at Casper Inc. and Barnes & Noble, Inc.
Shake Shack released preliminary unaudited results for the fourth quarter and fiscal 2025, showing total revenue of $400.5 million for the quarter and $1.45 billion for the year, with same-Shack sales up 2.1% and 2.3%. The company said the last six weeks of the quarter did not meet its expectations because of inclement weather, and it issued initial fiscal 2026 guidance of $1.6 billion to $1.7 billion in total revenue and $237.0 million to $245.0 million in adjusted EBITDA. The figures remain subject to audit and the Form 10-K.
4Q25 total revenue of $400.5 million; FY25 total revenue of $1.45 billion
Same-Shack sales up 2.1% in 4Q25 and 2.3% in FY25; last six weeks of 4Q25 missed expectations due to weather
FY26 guidance: net income of $50.0 million to $60.0 million and adjusted EBITDA of $237.0 million to $245.0 million
45 Company-operated Shacks opened in FY25; 55 to 60 planned for 2026
Shake Shack said Chief Financial Officer Katherine Fogertey will step down effective March 4, 2026, and move into a Senior Advisor role immediately. The company is searching for a new CFO and has set up an Office of the CFO in the interim, while reiterating its fourth-quarter and fiscal 2025 guidance and its three-year targets.
Fogertey transitions to Senior Advisor now and leaves the CFO role effective March 4, 2026; the company says the change is not the result of any dispute over accounting or financial matters.
Under a Transition and Advisory Agreement dated November 20, 2025, she keeps her $618,000 base salary through the resignation date and receives 100% of her fiscal 2025 bonus; RSUs due July 15, 2026 and March 1, 2027 will vest on the resigna
She will not receive a fiscal 2026 bonus or fiscal 2026 RSU or PSU awards.
Fiscal 2025 guidance was reiterated, including total revenue of approximately $1.45 billion and Adjusted EBITDA of $210 million to $215 million; fourth-quarter revenue is expected at $406 million to $412 million.
Shake Shack reported fiscal third-quarter 2025 results for the period ended September 24, 2025. Total revenue rose 15.9% from a year earlier, and the company swung to net income attributable to Shake Shack Inc. of $12.5 million from a net loss of $10.2 million in the prior-year quarter. The filing does not include updated guidance.
Total revenue of $367.4 million, up 15.9% from $316.9 million a year earlier
Diluted earnings of $0.30 per share, compared with a loss of $0.26 per share in the prior-year quarter
Adjusted EBITDA of $54.1 million, up 18.2%; restaurant-level profit margin of 22.8% of Shack sales versus 21.0%
Same-Shack sales up 4.9%; 13 new Company-operated Shacks and seven new licensed Shacks opened in the quarter
Shake Shack reported fiscal second-quarter 2025 results for the period ended June 25, 2025, with total revenue of $356.5 million, up 12.6% from a year earlier. Diluted earnings per share were $0.41, compared with $0.23 in the prior-year quarter, and operating income rose to $22.4 million from $10.8 million. The filing does not include updated guidance.
Total revenue $356.5 million, up 12.6% from $316.5 million; same-Shack sales up 1.8%
Net income attributable to Shake Shack Inc. $17.1 million, or $0.41 per diluted share, versus $9.7 million, or $0.23, a year earlier
Adjusted EBITDA $58.9 million, up 24.8%; restaurant-level profit margin 23.9% of Shack sales versus 22.0%
Opened 13 new Company-operated Shacks and nine new licensed Shacks in the quarter
Shake Shack reported first quarter 2025 results for the period ended March 26, 2025, with total revenue of $320.9 million, up 10.5% from a year earlier, and net income attributable to Shake Shack Inc. of $4.2 million, or $0.10 per diluted share, compared with $0.05 a year earlier. Same-Shack sales grew only 0.2%, and the company's shareholder letter cites weather and broader consumer pressure, so shareholders are seeing profit growth driven mainly by new restaurant openings rather than by sales at existing locations. The filing does not include updated financial guidance.
Total revenue was $320.9 million, up 10.5%; Shack sales were $309.8 million and licensing revenue was $11.1 million.
Net income attributable to Shake Shack Inc. was $4.2 million, or $0.10 per diluted share, versus $0.05 a year earlier.
Same-Shack sales rose 0.2%; restaurant-level profit margin was 20.7% of Shack sales, up from 19.5%.
Adjusted EBITDA was $40.7 million, up 13.5%; the company opened four Company-operated Shacks and seven licensed Shacks in the quarter.
Shake Shack director Anna Fieler, who served more than seven years, informed the board on April 22, 2025 that she will step down as a Class I director and from the Compensation Committee, effective immediately before the 2025 Annual Meeting of Stockholders. The board cut its size from ten to nine directors as a result, and the company said her decision was not the result of any dispute or disagreement.
Anna Fieler notified the board on April 22, 2025 of her departure after more than seven years of service
Her exit takes effect immediately before the 2025 Annual Meeting of Stockholders and also removes her from the Compensation Committee
Board size falls from ten to nine directors, leaving three Class I, three Class II and three Class III directors
The filing states the departure was not due to any dispute or disagreement with the company or its board
Shake Shack reported fourth-quarter and fiscal 2024 results. Q4 total revenue rose 14.8% to $328.7 million and diluted EPS rose to $0.21 from $0.17, while fiscal 2024 net income attributable to Shake Shack Inc. fell to $10.2 million from $20.3 million, with impairments and Shack closures totaling $32.4 million for the year.
Q4 2024 net income attributable to Shake Shack Inc. was $8.7 million, or $0.21 per diluted share, versus $7.2 million, or $0.17, in Q4 2023.
Fiscal 2024 total revenue was $1,252.6 million, up 15.2% from $1,087.5 million in fiscal 2023.
Fiscal 2024 net income attributable to Shake Shack Inc. was $10.2 million, or $0.24 per diluted share, versus $20.3 million, or $0.48, in fiscal 2023.
Impairments, loss on disposal of assets, and Shack closures were $32.4 million in fiscal 2024, compared with $3.0 million in fiscal 2023.
Shake Shack reported preliminary, unaudited fourth-quarter and fiscal 2024 results, with fourth-quarter total revenue of $328.7 million, up 14.8%, and Adjusted EBITDA of $46.5 million, up 48% year over year. The company also gave initial 2025 guidance of $1.45 billion to $1.48 billion in total revenue and $200 million to $210 million in Adjusted EBITDA, and said it now sees its Company-operated footprint reaching at least 1,500 Shacks over time, up from a prior target of 450.
Q4 2024 total revenue $328.7 million; FY2024 total revenue $1.3 billion; same-Shack sales up 4.3% in Q4
Q4 2024 Adjusted EBITDA $46.5 million, up 48%; restaurant-level profit margin about 22.7% of Shack sales
2025 guidance: total revenue $1.45 billion to $1.48 billion; Adjusted EBITDA $200 million to $210 million; net income $45 million to $60 million
Long-term Company-operated Shack target raised to at least 1,500 from 450; results are preliminary and unaudited pending the Form 10-K
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