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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2024
Jun. 28, 2023
Jun. 26, 2024
Jun. 28, 2023
TOTAL REVENUE $ 316,496 $ 271,805 $ 607,000 $ 525,083
Shack-level operating expenses:        
Food and paper costs 85,053 75,800 165,306 147,572
Labor and related expenses 86,614 75,158 168,123 149,422
Other operating expenses 43,953 36,109 85,809 71,045
Occupancy and related expenses 23,226 19,801 45,414 38,384
General and administrative expenses 36,313 31,476 72,257 62,787
Depreciation and amortization expense 25,496 22,252 50,937 43,574
Pre-opening costs 4,014 5,577 6,767 9,134
Impairment and loss on disposal of assets 1,045 884 1,571 1,606
TOTAL EXPENSES 305,714 267,057 596,184 523,524
INCOME FROM OPERATIONS 10,782 4,748 10,816 1,559
Other income, net 3,300 3,227 6,506 6,064
Interest expense (527) (405) (1,035) (808)
INCOME BEFORE INCOME TAXES 13,555 7,570 16,287 6,815
Income tax expense 3,173 347 3,691 1,214
NET INCOME 10,382 7,223 12,596 5,601
Less: Net income attributable to non-controlling interests 714 275 888 187
NET INCOME ATTRIBUTABLE TO SHAKE SHACK INC. $ 9,668 $ 6,948 $ 11,708 $ 5,414
Earnings per share of Class A common stock:        
Basic (in dollars per share) $ 0.24 $ 0.18 $ 0.30 $ 0.14
Diluted (in dollars per share) $ 0.23 $ 0.16 $ 0.28 $ 0.13
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 39,750 39,416 39,632 39,374
Diluted (in shares) 41,480 43,886 41,369 43,837
Shack sales        
TOTAL REVENUE $ 305,480 $ 261,810 $ 586,032 $ 506,064
Licensing revenue        
TOTAL REVENUE $ 11,016 $ 9,995 $ 20,968 $ 19,019