FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Shake Shack

Medium
Brand★Golden 50

NYSE SHAK · US

Listing status
listed
Operating model
Direct / managed estate
Scale basis
Company-operated revenue (proxy)
Confidence
Medium
Segment
fast casual burger

Direct-chain screening row with revenue, store count and profit. Use alongside finer AUV metrics where available.

Scale basis note

Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
659 stores
FY2025: 659 system-wide Shacks, of which 373 were Company-operated Shacks and 286 were licensed Shacks
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · 659 system-wide Shacks, of which 373 were Company-operated Shacks and 286 were licensed Shacks
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Scale
Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
$1.45B
FY2025: Total revenue of $1,445.3 million, up 15.4% versus 2024, including $1,391.2 million of Shack sales and $54.1 million of Licensing revenue.
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Total revenue of $1,445.3 million, up 15.4% versus 2024, including $1,391.2 million of Shack sales and $54.1 million of Licensing revenue.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Company-operated revenue (proxy)
Precision: Source-backed
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$2.19M
Screening proxy
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Company-operated revenue (proxy)
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$45.73M
FY2025: Net income attributable to Shake Shack Inc. of $45.7 million, or earnings of $1.09 per diluted share.
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Net income attributable to Shake Shack Inc. of $45.7 million, or earnings of $1.09 per diluted share.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$1.45B
USD 1.45B revenue (RevenueFromContractWithCustomerExcludingAssessedTax)
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Source-backed

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$2.68B
Directional proxy
May 22, 2026: Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value is $2.68B as of May 22, 2026. Available data shows SHAK market cap at May 1, 2026 ~$3.96B and June 1, 2026 ~$2.52B; exact May 22 figure not pinnable from
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value is $2.68B as of May 22, 2026. Available data shows SHAK market cap at May 1, 2026 ~$3.96B and June 1, 2026 ~$2.52B; exact May 22 figure not pinnable from
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

12/20 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
burgerS2 official secondary (opens in new tab)
Cuisine (secondary)
dessertS2 official secondary (opens in new tab)
Service model
fast casualS4 (opens in new tab)
Price tier
premiumS3 supplementary (opens in new tab)
Company
Founded
2,004S4 (opens in new tab)
HQ country
United StatesS1 official primary (opens in new tab)
CEO
Rob LynchS2 official secondary (opens in new tab)
Employees
13,873 headcountS3 supplementary (opens in new tab)~
Ownership
Parent
Public-standalone; no controlling shareholder. Founder/Chairman Danny Meyer holds ~4%; BlackRock largest institutional holderS4 (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
System sales YoY
13%S2 official secondary (opens in new tab)
Revenue YoY
15.2%S2 official secondary (opens in new tab)
Net new units
76 unitsS2 official secondary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
37%S2 official secondary (opens in new tab)
Off-premise
not disclosed
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
United States
659 storesS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed11/11 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
659 stores
659 restaurants/stores (NumberOfRestaurants; Restaurant)
Source-backedS1 official primary (opens in new tab)
Operational scale
$1.4B
Company revenue proxy: USD 1.45B revenue (RevenueFromContractWithCustomerExcludingAssessedTax); use as operating scale for direct-chain screening across 659 restaurants/stores.
Source-backedS1 official primary (opens in new tab)
Revenue
$1.4B
USD 1.45B revenue (RevenueFromContractWithCustomerExcludingAssessedTax)
Source-backedS1 official primary (opens in new tab)
Company-operated
see brand drilldown
Franchised
see brand drilldown

Brand drilldown

non-additive

Per-brand detail — NOT additive (brands may use different bases / periods) and NOT counted in rankings. Listed for transparency only.

Shake Shack
Direct vs franchise split
100%
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
AUV — average unit volume
4,100,000 USD per shack year
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Same-store sales
0.043 YOY growth 2024
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Unit / store-level profit
21.4%
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Operating margin
21.4%
FY2024
Source-backedS1 official primary (opens in new tab)
Food cost %
28.2%
FY2024
Source-backedS1 official primary (opens in new tab)
Labor cost %
28.1%
FY2024
Source-backedS1 official primary (opens in new tab)
Rent cost %
7.7%
FY2024
Source-backedS1 official primary (opens in new tab)

Single-store model

4/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Secondary relay (FDD/10-K/release); confirm vs primary.
AUV $4.1m (weekly $79k) Q3 2024.
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Single-store profit
Secondary relay (FDD/10-K/release); confirm vs primary.
Restaurant-level margin 21.4% FY2024 (+150bps).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Initial investment
GAP — not fabricated.
—
GapSource (opens in new tab)
Franchise fee / royalty
GAP — not fabricated.
—
GapSource (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
Secondary relay (FDD/10-K/release); confirm vs primary.
Same-Shack sales +4.3% vs 2023.
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Store open / close
GAP — not fabricated.
—
GapSource (opens in new tab)
Company-operated share
Secondary relay (FDD/10-K/release); confirm vs primary.
Company-operated Shacks (+ licensed intl).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)

Cost structure

4/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS28.2%
FY2024S1 official primary (opens in new tab)Source-backed
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Labor28.1%
FY2024S1 official primary (opens in new tab)Source-backed
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Rent / occupancy7.7%
FY2024S1 official primary (opens in new tab)Source-backed
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Delivery commission—
FY2024Gap
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Marketing—
FY2024Gap
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Operating margin21.4%
FY2024· restaurant_levelS1 official primary (opens in new tab)Source-backed
Base Shack sales $1,207.6M. Food&paper 28.2/labor 28.1/other 14.8/occupancy 7.7 -> rest margin 21.4%. Group op margin near breakeven.
Not separately disclosed14.6%

Supply chain

1 suppliers · 0 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

OloOLO
Tech / SaaS
digital ordering
discloses as: Shake Shack
2021named (no % disclosed)S3 newssource (opens in new tab)