Shake Shack Q4 revenue rises 14.8% to $328.7 million; sees 2025 revenue up 16%-18%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 13, 2025.
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