Shake Shack delivered strong financial results for the fourth quarter and full year 2024, with double-digit revenue growth and improved profitability.

In Q4, total revenue reached $328.7 million, a 14.8% increase from 2023, driven by $316.6 million in Shack sales and $12.1 million in licensing revenue. System-wide sales rose 13.3% to $500.7 million, while same-Shack sales grew 4.3%. Operating income was $10.2 million, and net income stood at $9.3 million. Adjusted EBITDA came in at $46.7 million, and the company earned $0.21 per diluted share. Shake Shack opened 19 new company-operated locations and nine licensed locations during the quarter.

For the full year, total revenue increased 15.2% to $1.25 billion, with system-wide sales reaching $1.92 billion, up 13.0%. Same-Shack sales improved 3.6%. Operating income was $3.0 million, while net income totaled $10.8 million. Restaurant-level profit margin expanded to 21.4%, generating adjusted EBITDA of $175.6 million. Net income per diluted share was $0.24, with adjusted pro forma net income of $40.5 million, or $0.92 per share. The company continued its aggressive expansion, opening 43 company-operated and 33 licensed Shacks in 2024.

Shake Shack’s growth trajectory remains strong, with continued revenue expansion, improved restaurant profitability, and strategic new openings positioning the brand for further success in 2025.