Shake Shack sees FY25 revenue $1.45B-$1.48B, consensus $1.43B

Sees FY25 same store sales up 3%. Sees FY25 adjusted EBITDA $200M-$210M. “We ended 2024 with broad based strength in the business. Our preliminary unaudited results show that in the fourth quarter FY2024, we grew same-Shack sales by 4.3%, Total revenue by 14.8%, expanded our restaurant margins by nearly 300 basis points year-over-year to 22.7% – the highest fourth quarter level since 2017, and grew Adjusted EBITDA by 48% year-over-year, more than 3x our Total revenue growth rate and the highest Adjusted EBITDA level on record. We opened 43 Company-operated Shacks in FY2024, also a record high for the Company. Our guidance for 2025 and our outlook for the next three years represents some of the highest growth in the restaurant industry as we invest and execute against our robust long-term opportunity ahead. In FY2025, we expect to grow Total revenue by 16% – 18% year-over-year, continue to expand our restaurant margins to approximately 22% and grow Adjusted EBITDA by 14% – 20% versus FY2024,” said CFO Katie Fogertey.