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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2023
Sep. 28, 2022
Sep. 27, 2023
Sep. 28, 2022
TOTAL REVENUE $ 276,207 $ 227,814 $ 801,290 $ 661,957
Shack-level operating expenses:        
Food and paper costs 77,180 67,774 224,752 193,645
Labor and related expenses 76,233 64,638 225,655 190,954
Other operating expenses 37,307 33,680 108,352 96,002
Occupancy and related expenses 20,300 17,337 58,684 50,270
General and administrative expenses 30,939 26,931 93,726 87,804
Depreciation and amortization expense 23,130 18,647 66,704 53,589
Pre-opening costs 4,969 3,041 14,103 8,576
Impairment and loss on disposal of assets 492 592 2,098 1,697
TOTAL EXPENSES 270,550 232,640 794,074 682,537
INCOME (LOSS) FROM OPERATIONS 5,657 (4,826) 7,216 (20,580)
Other income, net 3,441 1,482 9,505 1,731
Interest expense (433) (475) (1,241) (1,145)
INCOME (LOSS) BEFORE INCOME TAXES 8,665 (3,819) 15,480 (19,994)
Income tax expense (benefit) 529 (1,508) 1,743 (5,098)
NET INCOME (LOSS) 8,136 (2,311) 13,737 (14,896)
Reallocation of net income attributable to non-controlling interests from the assumed conversion of Class B shares 509 (287) 696 (1,522)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC. $ 7,627 $ (2,024) $ 13,041 $ (13,374)
Earnings (loss) per share of Class A common stock:        
Basic (in dollars per share) $ 0.19 $ (0.05) $ 0.33 $ (0.34)
Diluted (in dollars per share) $ 0.19 $ (0.05) $ 0.31 $ (0.34)
Weighted average shares of Class A common stock outstanding:        
Basic (in shares) 39,460 39,274 39,402 39,221
Diluted (in shares) 43,978 39,274 43,884 39,221
Shack sales        
TOTAL REVENUE $ 264,980 $ 219,501 $ 771,044 $ 639,346
Licensing revenue        
TOTAL REVENUE $ 11,227 $ 8,313 $ 30,246 $ 22,611