SHAKE SHACK INC., 10-Q filed on 7/31/2025
Quarterly Report
v3.25.2
Cover - shares
 6 Months Ended
Jun. 25, 2025
Jul. 23, 2025
Document Information [Line Items]    
Document type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 25, 2025  
Document Transition Report false  
Entity File Number 001-36823  
Entity registrant name SHAKE SHACK INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 47-1941186  
Entity Address, Address Line One 225 Varick Street  
Entity Address, Address Line Two Suite 301  
Entity Address, City or Town New York,  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10014  
City Area Code 646  
Local Phone Number 747-7200  
Title of 12(b) Security Class A Common Stock, par value $0.001  
Trading Symbol SHAK  
Security Exchange Name NYSE  
Entity current reporting status Yes  
Entity Interactive Data Current Yes  
Entity filer category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment flag false  
Document fiscal year focus 2025  
Document fiscal period focus Q2  
Entity central index key 0001620533  
Current fiscal year end date --12-31  
Class A Common Stock    
Document Information [Line Items]    
Entity common stock, shares outstanding (in shares)   40,247,757
Class B Common Stock    
Document Information [Line Items]    
Entity common stock, shares outstanding (in shares)   2,439,789
v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Current assets:    
Cash and cash equivalents $ 336,804 $ 320,714
Accounts receivable, net 21,201 19,687
Inventories 6,028 6,014
Prepaid expenses and other current assets 26,810 21,801
Total current assets 390,843 368,216
Property and equipment, net of accumulated depreciation of $506,081 and $457,186, respectively. 577,054 551,600
Operating lease assets 453,844 424,611
Deferred income taxes, net 340,897 341,586
Other assets 12,395 10,958
TOTAL ASSETS 1,775,033 1,696,971
Current liabilities:    
Accounts payable 20,662 23,609
Accrued expenses 79,741 63,005
Accrued wages and related liabilities 23,294 25,422
Operating lease liabilities, current 59,133 55,739
Other current liabilities 21,220 19,538
Total current liabilities 204,050 187,313
Long-term debt 247,207 246,683
Long-term operating lease liabilities 525,998 494,499
Liabilities under tax receivable agreement, net of current portion 247,625 247,017
Other long-term liabilities 31,089 27,833
Total liabilities 1,255,969 1,203,345
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of June 25, 2025 and December 25, 2024. 0 0
Additional paid-in capital 445,682 442,993
Retained earnings 48,377 26,984
Accumulated other comprehensive loss (4) (1)
Total stockholders' equity attributable to Shake Shack Inc. 494,097 470,018
Non-controlling interests 24,967 23,608
Total equity 519,064 493,626
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,775,033 1,696,971
Class A Common Stock    
Stockholders' equity:    
Common stock 40 40
Class B Common Stock    
Stockholders' equity:    
Common stock $ 2 $ 2
v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
TOTAL REVENUE $ 356,466 $ 316,496 $ 677,364 $ 607,000
Shack-level operating expenses:        
Food and paper costs 96,621 85,053 182,658 165,306
Labor and related expenses 88,058 86,614 174,726 168,123
Other operating expenses 50,768 43,953 99,030 85,809
Occupancy and related expenses 25,593 23,226 50,224 45,414
General and administrative expenses 40,671 36,313 81,311 72,257
Depreciation and amortization expense 26,545 25,496 53,088 50,937
Pre-opening costs 4,955 4,014 8,173 6,767
Impairments, loss on disposal of assets, and Shack closures 881 1,045 2,938 1,571
TOTAL EXPENSES 334,092 305,714 652,148 596,184
INCOME FROM OPERATIONS 22,374 10,782 25,216 10,816
Other income, net 2,850 3,300 5,821 6,506
Interest expense (548) (527) (1,111) (1,035)
INCOME BEFORE INCOME TAXES 24,676 13,555 29,926 16,287
Income tax expense 6,193 3,173 6,930 3,691
NET INCOME 18,483 10,382 22,996 12,596
Less: Net income attributable to non-controlling interests 1,335 714 1,603 888
NET INCOME ATTRIBUTABLE TO SHAKE SHACK INC. $ 17,148 $ 9,668 $ 21,393 $ 11,708
Earnings per share of Class A common stock:        
Basic (in dollars per share) $ 0.43 $ 0.24 $ 0.53 $ 0.30
Diluted (in dollars per share) $ 0.41 $ 0.23 $ 0.51 $ 0.28
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 40,226 39,750 40,173 39,632
Diluted (in shares) 41,819 41,480 41,842 41,369
Shack sales        
TOTAL REVENUE $ 343,224 $ 305,480 $ 653,062 $ 586,032
Licensing revenue        
TOTAL REVENUE $ 13,242 $ 11,016 $ 24,302 $ 20,968
v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 18,483 $ 10,382 $ 22,996 $ 12,596
Other comprehensive loss, net of tax:        
Change in foreign currency translation adjustment (2) [1] 0 [1] (3) (1)
OTHER COMPREHENSIVE LOSS (2) 0 (3) (1)
COMPREHENSIVE INCOME 18,481 10,382 22,993 12,595
Less: Comprehensive income attributable to non-controlling interests 1,335 714 1,603 888
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHAKE SHACK INC. $ 17,146 $ 9,668 $ 21,390 $ 11,707
[1] Net of tax expense of $0 for the thirteen and twenty-six weeks ended June 25, 2025 and June 26, 2024.
v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Statement of Comprehensive Income [Abstract]        
Income tax expense $ 0 $ 0 $ 0 $ 0
v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Non- Controlling Interest
Beginning balance (shares) at Dec. 27, 2023       39,474,315 2,834,513        
Beginning balance at Dec. 27, 2023 $ 469,370     $ 39 $ 3 $ 426,601 $ 16,777 $ (3) $ 25,953
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 12,596           11,708   888
Other comprehensive loss:                  
Change in foreign currency translation adjustment (1)             (1)  
Equity-based compensation 7,558         7,558      
Activity under stock compensation plans (in shares)       146,081          
Activity under stock compensation plans (5,389)     $ 1   (5,897)     507
Redemption of LLC Interests (in shares)       346,577 (346,577)        
Redemption of LLC Interests 0       $ (1) 3,239     (3,238)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 2,376         2,376      
Distributions paid to non-controlling interest holders (145)               (145)
Ending balance (shares) at Jun. 26, 2024       39,966,973 2,487,936        
Ending balance at Jun. 26, 2024 486,365     $ 40 $ 2 433,877 28,485 (4) 23,965
Beginning balance (shares) at Mar. 27, 2024       39,635,382 2,801,013        
Beginning balance at Mar. 27, 2024 472,293     $ 40 $ 3 427,530 18,817 (4) 25,907
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 10,382           9,668   714
Other comprehensive loss:                  
Change in foreign currency translation adjustment 0 [1]             0  
Equity-based compensation 3,840         3,840      
Activity under stock compensation plans (in shares)       18,514          
Activity under stock compensation plans (24)         (320)     296
Redemption of LLC Interests (in shares)       313,077 (313,077)        
Redemption of LLC Interests 0       $ (1) 2,953     (2,952)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (126)         (126)      
Ending balance (shares) at Jun. 26, 2024       39,966,973 2,487,936        
Ending balance at Jun. 26, 2024 486,365     $ 40 $ 2 433,877 28,485 (4) 23,965
Beginning balance (shares) at Dec. 25, 2024   40,068,068 2,455,713 40,068,068 2,455,713        
Beginning balance at Dec. 25, 2024 493,626     $ 40 $ 2 442,993 26,984 (1) 23,608
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 22,996           21,393   1,603
Other comprehensive loss:                  
Change in foreign currency translation adjustment (3)             (3)  
Equity-based compensation 9,991         9,991      
Activity under stock compensation plans (in shares)       159,989          
Activity under stock compensation plans (9,177)         (9,491)     314
Redemption of LLC Interests (in shares)       15,924 (15,924)        
Redemption of LLC Interests 0         (299)     299
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 2,488         2,488      
Distributions paid to non-controlling interest holders (857)               (857)
Ending balance (shares) at Jun. 25, 2025   40,243,981 2,439,789 40,243,981 2,439,789        
Ending balance at Jun. 25, 2025 519,064     $ 40 $ 2 445,682 48,377 (4) 24,967
Beginning balance (shares) at Mar. 26, 2025       40,221,661 2,444,789        
Beginning balance at Mar. 26, 2025 497,505     $ 40 $ 2 442,047 31,229 (2) 24,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 18,483           17,148   1,335
Other comprehensive loss:                  
Change in foreign currency translation adjustment (2) [1]             (2)  
Equity-based compensation 5,338         5,338      
Activity under stock compensation plans (in shares)       17,320          
Activity under stock compensation plans (850)         (1,149)     299
Redemption of LLC Interests (in shares)       5,000 (5,000)        
Redemption of LLC Interests 0         20     (20)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis (574)         (574)      
Distributions paid to non-controlling interest holders (836)               (836)
Ending balance (shares) at Jun. 25, 2025   40,243,981 2,439,789 40,243,981 2,439,789        
Ending balance at Jun. 25, 2025 $ 519,064     $ 40 $ 2 $ 445,682 $ 48,377 $ (4) $ 24,967
[1] Net of tax expense of $0 for the thirteen and twenty-six weeks ended June 25, 2025 and June 26, 2024.
v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
OPERATING ACTIVITIES    
Net income (including amounts attributable to non-controlling interests) $ 22,996,000 $ 12,596,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 53,088,000 50,937,000
Amortization of debt issuance costs 524,000 524,000
Amortization of cloud computing assets 1,166,000 1,048,000
Non-cash operating lease cost 42,250,000 37,655,000
Equity-based compensation 9,750,000 7,381,000
Deferred income taxes 3,785,000 1,311,000
Non-cash interest 46,000 (128,000)
Net amortization of discount on held-to-maturity securities 0 (434,000)
Impairments, loss on disposal of assets, and Shack closures 2,938,000 1,571,000
Changes in operating assets and liabilities:    
Accounts receivable (1,514,000) 933,000
Inventories (14,000) 210,000
Prepaid expenses and other current assets (2,162,000) (864,000)
Other assets (3,978,000) (1,219,000)
Accounts payable (2,164,000) (1,084,000)
Accrued expenses 12,947,000 4,409,000
Accrued wages and related liabilities (2,128,000) 1,639,000
Other current liabilities (343,000) (732,000)
Operating lease liabilities (44,356,000) (32,553,000)
Other long-term liabilities 3,389,000 1,010,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 96,220,000 84,210,000
INVESTING ACTIVITIES    
Purchases of property and equipment (67,438,000) (65,992,000)
Maturities of held-to-maturity marketable securities 0 66,420,000
NET CASH USED IN INVESTING ACTIVITIES (67,438,000) 428,000
FINANCING ACTIVITIES    
Payments on principal of finance leases (2,631,000) (1,918,000)
Distributions paid to non-controlling interest holders (857,000) (145,000)
Payments under tax receivable agreement (24,000) 0
Net proceeds from stock option exercises 123,000 552,000
Employee withholding taxes related to net settled equity awards (9,300,000) (5,941,000)
NET CASH USED IN FINANCING ACTIVITIES (12,689,000) (7,452,000)
Effect of exchange rate changes on cash and cash equivalents (3,000) (1,000)
INCREASE IN CASH AND CASH EQUIVALENTS 16,090,000 77,185,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 320,714,000 224,653,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 336,804,000 $ 301,838,000
v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Accumulated depreciation $ 506,081 $ 457,186
Preferred stock, par value (in dollars per share) $ 0 $ 0
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Class A Common Stock    
Common stock par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 200,000,000 200,000,000
Common stock, shares, issued (in shares) 40,243,981 40,068,068
Common stock, shares, outstanding (in shares) 40,243,981 40,068,068
Class B Common Stock    
Common stock par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 35,000,000 35,000,000
Common stock, shares, issued (in shares) 2,439,789 2,455,713
Common stock, shares, outstanding (in shares) 2,439,789 2,455,713
v3.25.2
NATURE OF OPERATIONS
 6 Months Ended
Jun. 25, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NATURE OF OPERATIONS NATURE OF OPERATIONS
Shake Shack Inc. was formed on September 23, 2014 as a Delaware corporation for the purpose of facilitating an initial public offering and other related transactions in order to carry on the business of SSE Holdings, LLC and its subsidiaries ("SSE Holdings"). Shake Shack Inc. is the sole managing member of SSE Holdings and, as sole managing member, the Company operates and controls all of the business and affairs of SSE Holdings. As a result, the Company consolidates the financial results of SSE Holdings and reports a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. As of June 25, 2025 the Company owned 94.3% of SSE Holdings. Unless the context otherwise requires, "we," "us," "our," "Shake Shack," the "Company" and other similar references, refer to Shake Shack Inc. and, unless otherwise stated, all of its subsidiaries, including SSE Holdings.
The Company operates and licenses Shake Shack restaurants ("Shacks"), which serve burgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine and more. As of June 25, 2025, there were 610 Shacks in operation system wide, of which 346 were Company-operated Shacks and 264 were licensed Shacks.
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Jun. 25, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of Shake Shack Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These interim Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and on a basis consistent in all material respects with the accounting policies described in its Annual Report on Form 10-K for the fiscal year ended December 25, 2024 ("2024 Form 10-K"). Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These interim Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company's 2024 Form 10-K. In the Company's opinion, all adjustments, which are normal and recurring in nature, necessary for a fair presentation of the financial position and results of operation have been included. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full fiscal year.
SSE Holdings is considered a variable interest entity. Shake Shack Inc. is the primary beneficiary as the Company has the majority economic interest in SSE Holdings and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. As a result, the Company consolidates SSE Holdings. The assets and liabilities of SSE Holdings represent substantially all of the Company's consolidated assets and liabilities with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement. As of June 25, 2025 and December 25, 2024, the net assets of SSE Holdings were $450,628 and $413,793, respectively. The assets of SSE Holdings are subject to certain restrictions in SSE Holdings' revolving credit agreement.
Fiscal Year
The Company operates on a 52/53 week fiscal year ending on the last Wednesday of December. Fiscal 2025 contains 53 weeks and ends on December 31, 2025. Fiscal 2024 contained 52 weeks and ended on December 25, 2024. Unless otherwise stated, references to years in this report relate to fiscal years.
Use of Estimates
The preparation of these Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
The Company reviewed all recently issued accounting pronouncements and concluded that they were not applicable or not expected to have a significant impact on its Condensed Consolidated Financial Statements.
v3.25.2
REVENUE
 6 Months Ended
Jun. 25, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue Recognition
Revenue disaggregated by type was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Shack sales$343,224 $305,480 $653,062 $586,032 
Licensing revenue:
Sales-based royalties12,613 10,624 23,252 20,257 
Initial territory and opening fees629 392 1,050 711 
Total revenue$356,466 $316,496 $677,364 $607,000 
The aggregate amount of the transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied as of June 25, 2025 was $27,340. The Company expects to recognize this amount as revenue over a long-term period, as the majority of license terms for each Shack range from ten to twenty years. This amount excludes any variable consideration related to sales-based royalties.
Contract Balances
Contract liabilities and receivables from contracts with customers were as follows:
June 25
2025		December 25
2024
Shack sales receivables$11,129 $10,699 
Licensing receivables, net of allowance for doubtful accounts7,371 5,735 
Gift card liability2,200 2,584 
Deferred revenue, current1,828 1,666 
Deferred revenue, long-term19,611 17,060 
Revenue recognized that was included in the respective liability balances at the beginning of the period was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Gift card liability
$193 $168 $652 $587 
Deferred revenue617 385 1,036 702 
v3.25.2
FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 25, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The carrying values of the Company's Cash and cash equivalents, Accounts receivable, net, Accounts payable and Accrued expenses approximate fair value due to the short-term nature of these financial instruments. Refer to Note 6, Debt, for additional information relating to the fair value of the Company's outstanding debt instruments.
A summary of other income from marketable securities was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Income from marketable securities
$— $90 $— $625 
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis include long-lived assets, operating lease right-of-use assets and indefinite-lived intangible assets. The Company performs its impairment analysis at least annually or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable.
During the thirteen and twenty-six weeks ended June 25, 2025, the Company recognized impairment charges of nil and $162, respectively, related to the nine Shack closures in fiscal 2024. Additionally, the Company recognized miscellaneous Shack closure expense of $295 and $1,786, respectively for the thirteen and twenty-six weeks ended June 25, 2025. There were no impairment charges recognized during the thirteen and twenty-six weeks ended June 26, 2024.
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION
 6 Months Ended
Jun. 25, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION SUPPLEMENTAL BALANCE SHEET INFORMATION
The components of Prepaid expenses and other current assets were as follows:
June 25
2025		December 25
2024
Prepaid expenses
$10,415 $8,196 
Tenant allowance receivables
15,608 12,761 
Other
787 844 
Prepaid expenses and other current assets
$26,810 $21,801 
The components of Other current liabilities were as follows:
June 25
2025		December 25
2024
Sales tax payable$7,300 $6,999 
Current portion of financing equipment lease liabilities5,256 4,086 
Gift card liability2,200 2,584 
Other6,464 5,869 
Other current liabilities$21,220 $19,538 
v3.25.2
DEBT
 6 Months Ended
Jun. 25, 2025
Debt Disclosure [Abstract]  
DEBT DEBT
Convertible Notes
The Company's $250,000 aggregate principal amount of 0% Convertible Senior Notes due 2028 (“Convertible Notes”) will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in certain circumstances. Upon conversion, the Company pays or delivers, as the case may be, cash, shares of Class A common stock or a combination of cash and shares of Class A common stock, at the Company's election.
The Convertible Notes are convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding December 1, 2027, only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on June 30, 2021 (and only during such fiscal quarter), if the last reported sale price of the Company's Class A common stock, par value $0.001 per share, for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price for the Convertible Notes on each applicable trading day; (2) during the five business day period after any ten consecutive trading day period (the “measurement period”) in which the trading price (as defined in the Indenture) per one thousand dollar principal amount of the Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of Class A common stock and the conversion rate for the Convertible Notes on each such trading day; (3) if the Company calls such Convertible Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, but only with respect to the Convertible Notes called (or deemed called) for redemption; and (4) upon the occurrence of specified corporate events as set forth in the Indenture. On or after December 1, 2027, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders of the Convertible Notes may convert all or any portion of their Convertible Notes at any time, regardless of the foregoing circumstances.
The Convertible Notes had an initial conversion rate of 5.8679 shares of Class A common stock per one thousand dollar principal amount of Convertible Notes, which is equivalent to an initial conversion price of approximately $170.42 per share of Class A common stock. The fair value of the Convertible Notes was approximately $262,125 and $256,900, respectively, as of June 25, 2025 and December 25, 2024, based on external pricing data, including available quoted market prices of these instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and is classified as a Level 2 measurement within the fair value hierarchy.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amortization expense on Convertible NotesInterest expense$262 $262 $524 $524 
June 25
2025		December 25
2024
Convertible Notes$250,000 $250,000 
Discount and debt issuance costs, net of amortization(2,793)(3,317)
Long-term debt$247,207 $246,683 
Revolving Credit Facility
The Company maintains a revolving credit facility agreement ("Revolving Credit Facility") which permits borrowings up to $50,000 with the ability to increase available borrowings up to an additional $100,000, subject to satisfaction of certain conditions.
In July 2025, the Company entered into the sixth amendment to the Revolving Credit Facility ("Sixth Amendment"), which, among other things, extends the maturity date until the earlier of (a) February 28, 2028, or (b) the date that is 91 days prior to the scheduled maturity date of any Convertible Notes outstanding at any time.
Outstanding borrowings under the Revolving Credit Facility bear interest at either: (i) the base rate plus applicable margin ranging from 0.0% to 1.5% or (ii) the Secured Overnight Financing Rate (“SOFR”) plus applicable margin ranging from 1.0% to 2.5%, in each case dependent upon the net lease adjusted leverage ratio. As of June 25, 2025 and December 25, 2024, no amounts were outstanding under the Revolving Credit Facility.
The obligations under the Revolving Credit Facility are secured by a first-priority security interest in substantially all of the assets of SSE Holdings and the guarantors. The obligations under the Revolving Credit Facility are guaranteed by each of SSE Holdings' direct and indirect subsidiaries, with certain exceptions. The Revolving Credit Facility requires the Company to comply with maximum net lease adjusted leverage and minimum fixed charge coverage ratios, as well as other customary affirmative and negative covenants. As of June 25, 2025, the Company was in compliance with all covenants.
The Revolving Credit Facility also permits the issuance of letters of credit upon our request of up to $15,000. As of June 25, 2025 and December 25, 2024, the Company had outstanding letters of credit of $3,894 in connection with the Revolving Credit Facility.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Interest expense on Revolving Credit FacilityInterest expense$16 $17 $33 $34 
ClassificationJune 25
2025		December 25
2024
Unamortized deferred financing costs on Revolving Credit FacilityOther assets$13 $23 
v3.25.2
LEASES
 6 Months Ended
Jun. 25, 2025
Leases [Abstract]  
LEASES LEASES
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationJune 25
2025		December 25
2024
Operating leasesOperating lease assets$453,844 $424,611 
Finance leasesProperty and equipment, net14,927 12,225 
Total right-of-use assets$468,771 $436,836 
Operating leases:
Operating lease liabilities, current$59,133 $55,739 
Long-term operating lease liabilities525,998 494,499 
Finance leases:
Other current liabilities5,256 4,086 
Other long-term liabilities10,234 8,616 
Total lease liabilities$600,621 $562,940 
The components of lease expense were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Operating lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		$21,576 $19,165 $42,250 $37,655 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense1,397 1,075 2,751 2,043 
Interest on lease liabilitiesInterest expense231 207 466 387 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		5,932 5,523 11,535 10,729 
Short-term lease costOccupancy and related expenses163 190 310 406 
Total lease cost$29,299 $26,160 $57,312 $51,220 

As of June 25, 2025, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2025(1)
$32,661 $3,078 
202693,762 5,694 
202795,218 5,051 
202891,292 2,531 
202985,058 378 
Thereafter354,069 176 
Total minimum payments752,060 16,908 
Less: imputed interest182,537 1,418 
Total lease liabilities$569,523 $15,490 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of June 25, 2025.
As of June 25, 2025, the Company had additional operating lease commitments of $215,605 for non-cancelable leases without a possession date, which commence in 2025 or later. The terms of these lease commitments are materially consistent with leases recognized on the Condensed Consolidated Balance Sheets.
A summary of lease terms and discount rates for operating and finance leases were as follows:
June 25
2025		December 25
2024
Weighted average remaining lease term (years):
Operating leases8.68.7
Finance leases3.03.3
Weighted average discount rate:
Operating leases6.3 %6.2 %
Finance leases6.0 %6.1 %
Supplemental cash flow information related to leases was as follows:
Twenty-Six Weeks Ended
June 25
2025		June 26
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$52,000 $40,095 
Operating cash flows from finance leases466 387 
Financing cash flows from finance leases2,631 1,918 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases55,233 43,822 
Finance leases6,292 2,520 
LEASES LEASES
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationJune 25
2025		December 25
2024
Operating leasesOperating lease assets$453,844 $424,611 
Finance leasesProperty and equipment, net14,927 12,225 
Total right-of-use assets$468,771 $436,836 
Operating leases:
Operating lease liabilities, current$59,133 $55,739 
Long-term operating lease liabilities525,998 494,499 
Finance leases:
Other current liabilities5,256 4,086 
Other long-term liabilities10,234 8,616 
Total lease liabilities$600,621 $562,940 
The components of lease expense were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Operating lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		$21,576 $19,165 $42,250 $37,655 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense1,397 1,075 2,751 2,043 
Interest on lease liabilitiesInterest expense231 207 466 387 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		5,932 5,523 11,535 10,729 
Short-term lease costOccupancy and related expenses163 190 310 406 
Total lease cost$29,299 $26,160 $57,312 $51,220 

As of June 25, 2025, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2025(1)
$32,661 $3,078 
202693,762 5,694 
202795,218 5,051 
202891,292 2,531 
202985,058 378 
Thereafter354,069 176 
Total minimum payments752,060 16,908 
Less: imputed interest182,537 1,418 
Total lease liabilities$569,523 $15,490 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of June 25, 2025.
As of June 25, 2025, the Company had additional operating lease commitments of $215,605 for non-cancelable leases without a possession date, which commence in 2025 or later. The terms of these lease commitments are materially consistent with leases recognized on the Condensed Consolidated Balance Sheets.
A summary of lease terms and discount rates for operating and finance leases were as follows:
June 25
2025		December 25
2024
Weighted average remaining lease term (years):
Operating leases8.68.7
Finance leases3.03.3
Weighted average discount rate:
Operating leases6.3 %6.2 %
Finance leases6.0 %6.1 %
Supplemental cash flow information related to leases was as follows:
Twenty-Six Weeks Ended
June 25
2025		June 26
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$52,000 $40,095 
Operating cash flows from finance leases466 387 
Financing cash flows from finance leases2,631 1,918 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases55,233 43,822 
Finance leases6,292 2,520 
v3.25.2
NON-CONTROLLING INTERESTS
 6 Months Ended
Jun. 25, 2025
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTERESTS NON-CONTROLLING INTERESTS
Shake Shack is the primary beneficiary and sole managing member of SSE Holdings and, as a result, consolidates the financial results of SSE Holdings. The Company reports a non-controlling interest representing the economic interest held by the other members of SSE Holdings. The Third Amended and Restated Limited Liability Company Agreement, as further amended, (the "LLC Agreement") of SSE Holdings provides that holders of SSE Holdings, LLC membership interests ("LLC Interests") may, from time to time, require SSE Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company will receive a corresponding number of LLC Interests, increasing the total ownership interest in SSE Holdings. Changes in the ownership interest in SSE Holdings while the Company retains its controlling interest in SSE Holdings will be accounted for as equity transactions. As such, future redemptions or direct exchanges of LLC Interests in SSE Holdings by the other members of SSE Holdings will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital.
The following table summarizes the ownership interest in SSE Holdings:
June 25, 2025December 25, 2024
LLC InterestsOwnership %LLC InterestsOwnership %
Number of LLC Interests held by Shake Shack Inc.40,243,981 94.3 %40,068,068 94.2 %
Number of LLC Interests held by non-controlling interest holders2,439,789 5.7 %2,455,713 5.8 %
Total LLC Interests outstanding42,683,770 100.0 %42,523,781 100.0 %
The weighted average ownership percentages for the applicable reporting periods are used to attribute Net income and Other comprehensive income to the non-controlling interest holders and were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Non-controlling interest holders' weighted average ownership percentages5.7 %6.3 %5.7 %6.5 %
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Net income attributable to Shake Shack Inc.$17,148 $9,668 $21,393 $11,708 
Other comprehensive loss:
Unrealized holding loss on foreign currency translation adjustment(2)— (3)(1)
Transfers (to) from non-controlling interests:
Increase (decrease) in additional paid-in capital as a result of the redemption of LLC Interests20 2,953 (299)3,239 
Decrease in additional paid-in capital as a result of activity under stock compensation plan(1,149)(320)(9,491)(5,897)
Total effect of changes in ownership interest on equity attributable to Shake Shack Inc.$16,017 $12,301 $11,600 $9,049 
The following table summarizes the LLC Interests activity:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan:
Number of LLC Interests received by Shake Shack Inc.17,320 18,514 159,989 146,081 
Redemption and acquisition of LLC Interests:
Number of LLC Interests redeemed by non-controlling interest holders5,000 313,077 15,924 346,577 
Number of LLC Interests received by Shake Shack Inc.5,000 313,077 15,924 346,577 
Issuance of Class A common stock:
Shares of Class A common stock issued in connection with redemptions of LLC Interests5,000 313,077 15,924 346,577 
Cancellation of Class B common stock:
Shares of Class B common stock surrendered and canceled5,000 313,077 15,924 346,577 
v3.25.2
EQUITY-BASED COMPENSATION
 6 Months Ended
Jun. 25, 2025
Share-Based Payment Arrangement [Abstract]  
EQUITY-BASED COMPENSATION EQUITY-BASED COMPENSATION
A summary of equity-based compensation expense by award type was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Performance stock units$1,390 $(505)$2,538 $278 
Restricted stock units3,819 4,244 7,212 7,103 
Equity-based compensation expense$5,209 $3,739 $9,750 $7,381 
Total income tax benefit recognized related to equity-based compensation$117 $113 $213 $217 
Equity-based compensation expense recognized was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
General and administrative expenses$4,653 $3,317 $8,768 $6,633 
Labor and related expenses556 422 982 748 
Equity-based compensation expense$5,209 $3,739 $9,750 $7,381 
v3.25.2
INCOME TAXES
 6 Months Ended
Jun. 25, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Shake Shack is the sole managing member of SSE Holdings, which is classified as a partnership for U.S federal and most applicable state and local income tax purposes. As the managing member, the Company consolidates SSE Holdings financial results. As a partnership, SSE Holdings is not subject to U.S. federal and certain state and local income taxes. Instead, any taxable income or loss generated by SSE Holdings is allocated to its members, including the Company, on a pro rata basis. The Company is subject to U.S. federal, state and local income taxes with respect to its allocable share of taxable income or loss from SSE Holdings, as well as any stand-alone income or loss generated by Shake Shack Inc. The Company is also subject to withholding taxes in foreign jurisdictions.
Effective Income Tax Rates
The following table presents the Company’s effective income tax rates:

Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Effective income tax rates25.1 %23.4 %23.2 %22.7 %
The increase in the effective income tax rates for the thirteen and twenty-six weeks ended June 25, 2025 were primarily driven by higher state income tax expense.
The Company's weighted average ownership interest in SSE Holdings was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Shake Shack's weighted average ownership percentages
94.3 %93.7 %94.3 %93.5 %
Deferred Tax Assets and Liabilities
The Company acquires LLC Interests in connection with the redemption of LLC Interests and activity relating to its stock compensation plan and recognizes deferred tax assets associated with the basis difference in its investment in SSE Holdings upon acquisition of these LLC Interests.
The following table summarizes the LLC Interests acquired by the Company:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan17,320 18,514 159,989 146,081 
LLC Interests activity from redemptions of LLC Interests5,000 313,077 15,924 346,577 
Total LLC Interests acquired by the Company
22,320 331,591 175,913 492,658 
Deferred tax assets related to the basis difference in the Company's investment in SSE Holdings were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Deferred tax assets recognized upon acquisition of LLC Interests
$(541)$7,263 $2,817 $10,577 
June 25
2025		December 25
2024
Total deferred tax assets related to the acquisition of LLC Interests
$100,331 $89,397 
The Company also recognizes deferred tax assets related to additional tax basis increases generated from expected future payments under the Tax Receivable Agreement and related deductions for imputed interest on such payments. Refer to "Tax Receivable Agreement," herein for additional information.
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Deferred tax assets recognized under the Tax Receivable Agreement
$55 $2,760 $168 $3,063 
The Company evaluates the realizability of its deferred tax assets on a quarterly basis and establishes valuation allowances when it is more likely than not that all or a portion of a deferred tax asset may not be realized. As of June 25, 2025, the Company concluded, based on the weight of all available positive and negative evidence, that all of its deferred tax assets (except for those deferred tax assets relating to certain state tax credits and net operating losses) are more likely than not to be realized. As such, no additional valuation allowance was recognized.
Tax Receivable Agreement
On February 4, 2015, the Company entered into a tax receivable agreement with certain then-existing non-controlling members of SSE Holdings (the "Tax Receivable Agreement"). This agreement obligates the Company to pay the non-controlling interest holders 85% of any tax benefits that the Company may actually realize, or be deemed to realize, from (i) increases in the Company's share of the tax basis of SSE Holdings due to redemptions or exchanges of LLC Interests, (ii) tax basis increases resulting from payments made under the Tax Receivable Agreement, and (iii) deductions from imputed interest under the agreement (the "TRA Payments"). The Company expects to benefit from the remaining 15% of any realized tax benefits. The TRA Payments are not conditioned upon any continued ownership interest in SSE Holdings or us. Additionally, the rights of each non-controlling interest holder under the Tax Receivable Agreement, are assignable to transferees of its LLC Interests.
Pursuant to the Company's election under Section 754 of the Internal Revenue Code (the "Code"), the Company expects to obtain an increase in its share of the tax basis in the net assets of SSE Holdings when LLC Interests are redeemed or exchanged by the other members of SSE Holdings. The Company plans to make an election under Section 754 of the Code for each taxable year in which a redemption or exchange of LLC Interest occurs. The Company intends to treat any redemptions and exchanges of LLC Interests as direct purchases of LLC Interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that would otherwise be paid in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
There were no transactions subject to the Tax Receivable Agreement for which the Company did not recognize the related liability, as the Company concluded that it would have sufficient future taxable income to utilize all of the related tax benefits generated by all transactions that occurred during the twenty-six weeks ended June 25, 2025 and June 26, 2024.
A summary of obligations and payments made under the Tax Receivable Agreement were as follows:

Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid under the Tax Receivable Agreement
$— $— $24 $— 
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Additional liabilities recognized under the Tax Receivable Agreement
$204 $10,150 $608 $11,265 
June 25
2025		December 25
2024
Total obligations under the Tax Receivable Agreement
$248,318 $247,734 
One Big Beautiful Bill Act
On July 4, 2025, the “One Big Beautiful Bill Act” (the “Act”) was enacted into law. The Act has multiple effective dates, with certain provision effective in 2025 and others implementing through 2027. These changes include allowing accelerated tax deductions for domestic research expenditures and qualified property, and changes to the net interest expense deduction limitations. We are in the process of evaluating the impact of the Act to our financial statements.
v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 25, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE PER SHARE
Basic earnings per share of Class A common stock is computed by dividing Net income attributable to Shake Shack Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing Net income attributable to Shake Shack Inc. by the weighted average number of shares of Class A common stock outstanding, adjusted to give effect to potentially dilutive securities.
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share amounts):
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Numerator:
Net income attributable to Shake Shack Inc.—basic$17,148 $9,668 $21,393 $11,708 
Net income attributable to Shake Shack Inc.—diluted$17,148 $9,668 $21,393 $11,708 
Denominator:
Weighted average shares of Class A common stock outstanding—basic40,226 39,750 40,173 39,632 
Effect of dilutive securities:
Stock options2 60 3 65 
Performance stock units23 63 53 39 
Restricted stock units101 140 146 166 
Convertible Notes1,467 1,467 1,467 1,467 
Weighted average shares of Class A common stock outstanding—diluted41,819 41,480 41,842 41,369 
Earnings per share of Class A common stock—basic$0.43 $0.24 $0.53 $0.30 
Earnings per share of Class A common stock—diluted$0.41 $0.23 $0.51 $0.28 
The effect of potential share settlement of the Convertible Notes outstanding for the period is included as potentially dilutive shares of Class A common stock under application of the if-converted method in the computation of diluted earnings per share, except when the effect would be anti-dilutive. Refer to Note 6, Debt, for additional information.
Shares of Class B common stock do not share in the earnings or losses of Shake Shack and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented. However, shares of Class B common stock outstanding for the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method and are included in the computation of diluted earnings per share, except when the effect would be anti-dilutive.
The following table presents potentially dilutive securities excluded from the computations of diluted earnings per share of Class A common stock:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Performance stock units120,892 (1)121,131 (1)120,892 (1)121,131 (1)
Shares of Class B common stock2,439,789 (2)2,487,936 (2)2,439,789 (2)2,487,936 (2)
(1)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings per share of Class A common stock because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.
(2)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive.
v3.25.2
SUPPLEMENTAL CASH FLOW INFORMATION
 6 Months Ended
Jun. 25, 2025
Cash and Cash Equivalents [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
The following table sets forth supplemental cash flow information:
Twenty-Six Weeks Ended
June 25
2025		June 26
2024
Cash paid for:
Income taxes, net of refunds$2,882 $3,696 
Interest, net of amounts capitalized451 493 
Non-cash investing activities:
Accrued purchases of property and equipment24,171 19,749 
Capitalized equity-based compensation144 107 
Non-cash financing activities:
Establishment of liabilities under Tax Receivable Agreement
608 11,265 
v3.25.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 25, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Lease Commitments
The Company is obligated under various operating leases for Shacks and Shack Support Centers expiring in various years through 2045. Under certain of these leases, the Company is liable for contingent rent based on a percentage of sales in excess of specified thresholds and typically responsible for its proportionate share of real estate taxes, common area maintenance costs and other occupancy costs.
Certain leases require the Company to obtain letters of credit. As of June 25, 2025, the Company held three letters of credit totaling $695.
Purchase Commitments
Purchase obligations include legally binding contracts, including commitments for the purchase, construction or remodeling of real estate and facilities, firm minimum commitments for inventory purchases, equipment purchases, marketing-related contracts, software acquisition/license commitments and service contracts. These obligations are generally short-term in nature and are recorded as liabilities when the related goods are received or services rendered. The Company also enters into long-term, exclusive contracts with certain vendors to supply food, beverages and paper goods, obligating the Company to purchase specified quantities.
Legal Contingencies
The Company is subject to various legal proceedings, claims and liabilities, involving employees and guests alike, which arise in the ordinary course of business and are generally covered by insurance. As of June 25, 2025, the amount of the ultimate liability with respect to these matters was not material.
Liabilities under Tax Receivable Agreement
The Company is a party to the Tax Receivable Agreement under which it is contractually committed to pay certain of the members of SSE Holdings 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. The Company is not obligated to make any payments under the Tax Receivable Agreement until the tax benefits associated with the transactions that gave rise to the payments are realized. Amounts payable under the Tax Receivable Agreement are contingent upon, among other things, (i) generation of future taxable income over the term of the Tax Receivable Agreement and (ii) future changes in tax laws. If the Company does not generate sufficient taxable income in the aggregate over the term of the Tax Receivable Agreement to utilize the tax benefits, then it would not be required
to make the related TRA Payments. The Company recognizes liabilities relating to the obligations under the Tax Receivable Agreement if concluding that it is probable that it would have sufficient future taxable income over the term of the Tax Receivable Agreement to utilize the related tax benefits. Refer to Note 10, Income Taxes, for additional information relating to the Tax Receivable Agreement.
v3.25.2
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 25, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Madison Square Park Conservancy
The Chairman of the Board of Directors serves as a director of the Madison Square Park Conservancy ("MSP Conservancy"), with which Shake Shack has a license agreement and pays license fees to operate the Madison Square Park Shack. No amounts were due to MSP Conservancy as of June 25, 2025 and December 25, 2024.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to MSP ConservancyOccupancy and related expenses$243 $229 $476 $458 
Olo, Inc.
The Chairman of the Board of Directors serves as a director of Olo, Inc., a platform the Company uses in connection with its mobile ordering application.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to Olo, Inc.Other operating expenses$328 $133 $480 $314 

ClassificationJune 25
2025		December 25
2024
Amounts due to Olo, Inc.Accounts payable
Accrued expenses		$190 $227 
Tax Receivable Agreement
The Company entered into a Tax Receivable Agreement that provides for the payment by the Company of 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. Refer to Note 10, Income Taxes, for additional information.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid under the Tax Receivable Agreement
Other current liabilities
$— $— $24 $— 
ClassificationJune 25
2025		December 25
2024
Amounts due under the Tax Receivable AgreementOther current liabilities
Liabilities under Tax Receivable Agreement, net of current portion		$248,318 $247,734 
Distributions to Members of SSE Holdings
Under the terms of the SSE Holdings LLC Agreement, SSE Holdings is obligated to make tax distributions to its members. No tax distributions were payable to non-controlling interest holders as of June 25, 2025 and December 25, 2024.
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to non-controlling interest holdersNon-controlling interests$836 $— $857 $145 
v3.25.2
SEGMENT REPORTING
 6 Months Ended
Jun. 25, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Shake Shack operates and licenses Shake Shack restaurants, which serve burgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine and more. The Company operates Shacks in the United States and has both domestic and international licensed Shacks.
The chief operating decision maker (the "CODM") is the Chief Executive Officer. The Company determined it has one operating segment and one reportable segment, as the CODM regularly reviews Shack operations and financial performance at a consolidated level. The CODM also allocates resources at a consolidated level.
The CODM uses net income to allocate resources (including labor, technology, and capital resources) for the single segment to make decisions regarding annual budget, new Shack openings, entering new geographic markets, landlord and vendor negotiations, marketing decisions, pursuing new business ventures, and driving the Company's mission.
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Segment revenue
$356,466 $316,496 $677,364 $607,000 
Less:
Food and paper costs96,621 85,053 182,658 165,306 
Labor and related expenses88,058 86,614 174,726 168,123 
Other operating expenses(1)
50,768 43,953 99,030 85,809 
Occupancy and related expenses25,593 23,226 50,224 45,414 
General and administrative expenses
40,671 36,313 81,311 72,257 
Depreciation and amortization expense26,545 25,496 53,088 50,937 
Pre-opening costs4,955 4,014 8,173 6,767 
Impairments, loss on disposal of assets, and Shack closures881 1,045 2,938 1,571 
Interest expense548 527 1,111 1,035 
Income tax expense6,193 3,173 6,930 3,691 

Other income, net(2)
(2,850)(3,300)(5,821)(6,506)
Segment income18,483 10,382 22,996 12,596 
Reconciliation of profit or loss:
Adjustments and reconciling items— — — — 
Consolidated net income$18,483 $10,382 $22,996 $12,596 
June 25
2025		December 25
2024
Total Assets$1,775,033 $1,696,971 
(1)Other operating expenses consist of delivery commissions, Shack-level marketing expenses, repairs and maintenance, utilities, and other operating expenses incidental to operating our Company-operated Shacks, such as non-perishable supplies, credit card fees and property insurance.
(2)Other income, net includes net unrealized and realized gains and losses from marketable securities, dividend and interest income, and adjustments to liabilities under the Tax Receivable Agreement. Interest income was $49 and $88 for the thirteen and twenty-six weeks ended June 25, 2025, respectively. Interest income was $132 and $667 for the thirteen and twenty-six weeks ended June 26, 2024, respectively.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Pay vs Performance Disclosure        
Net income attributable to Shake Shack Inc. $ 17,148 $ 9,668 $ 21,393 $ 11,708
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 25, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Jun. 25, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of Shake Shack Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These interim Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and on a basis consistent in all material respects with the accounting policies described in its Annual Report on Form 10-K for the fiscal year ended December 25, 2024 ("2024 Form 10-K"). Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These interim Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company's 2024 Form 10-K. In the Company's opinion, all adjustments, which are normal and recurring in nature, necessary for a fair presentation of the financial position and results of operation have been included. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full fiscal year.
SSE Holdings is considered a variable interest entity. Shake Shack Inc. is the primary beneficiary as the Company has the majority economic interest in SSE Holdings and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. As a result, the Company consolidates SSE Holdings. The assets and liabilities of SSE Holdings represent substantially all of the Company's consolidated assets and liabilities with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement. As of June 25, 2025 and December 25, 2024, the net assets of SSE Holdings were $450,628 and $413,793, respectively. The assets of SSE Holdings are subject to certain restrictions in SSE Holdings' revolving credit agreement.
Fiscal Year
Fiscal Year
The Company operates on a 52/53 week fiscal year ending on the last Wednesday of December. Fiscal 2025 contains 53 weeks and ends on December 31, 2025. Fiscal 2024 contained 52 weeks and ended on December 25, 2024. Unless otherwise stated, references to years in this report relate to fiscal years.
Use of Estimates
Use of Estimates
The preparation of these Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
The Company reviewed all recently issued accounting pronouncements and concluded that they were not applicable or not expected to have a significant impact on its Condensed Consolidated Financial Statements.
v3.25.2
REVENUE (Tables)
 6 Months Ended
Jun. 25, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue disaggregated by type was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Shack sales$343,224 $305,480 $653,062 $586,032 
Licensing revenue:
Sales-based royalties12,613 10,624 23,252 20,257 
Initial territory and opening fees629 392 1,050 711 
Total revenue$356,466 $316,496 $677,364 $607,000 
Schedule of Contract with Customer, Asset and Liability
Contract liabilities and receivables from contracts with customers were as follows:
June 25
2025		December 25
2024
Shack sales receivables$11,129 $10,699 
Licensing receivables, net of allowance for doubtful accounts7,371 5,735 
Gift card liability2,200 2,584 
Deferred revenue, current1,828 1,666 
Deferred revenue, long-term19,611 17,060 
Revenue recognized that was included in the respective liability balances at the beginning of the period was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Gift card liability
$193 $168 $652 $587 
Deferred revenue617 385 1,036 702 
v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 25, 2025
Fair Value Disclosures [Abstract]  
Schedule of Other Income From Available for Sale Securities
A summary of other income from marketable securities was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Income from marketable securities
$— $90 $— $625 
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
 6 Months Ended
Jun. 25, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
The components of Prepaid expenses and other current assets were as follows:
June 25
2025		December 25
2024
Prepaid expenses
$10,415 $8,196 
Tenant allowance receivables
15,608 12,761 
Other
787 844 
Prepaid expenses and other current assets
$26,810 $21,801 
Other Current Liabilities
The components of Other current liabilities were as follows:
June 25
2025		December 25
2024
Sales tax payable$7,300 $6,999 
Current portion of financing equipment lease liabilities5,256 4,086 
Gift card liability2,200 2,584 
Other6,464 5,869 
Other current liabilities$21,220 $19,538 
v3.25.2
DEBT (Tables)
 6 Months Ended
Jun. 25, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amortization expense on Convertible NotesInterest expense$262 $262 $524 $524 
June 25
2025		December 25
2024
Convertible Notes$250,000 $250,000 
Discount and debt issuance costs, net of amortization(2,793)(3,317)
Long-term debt$247,207 $246,683 
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Interest expense on Revolving Credit FacilityInterest expense$16 $17 $33 $34 
ClassificationJune 25
2025		December 25
2024
Unamortized deferred financing costs on Revolving Credit FacilityOther assets$13 $23 
v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 25, 2025
Leases [Abstract]  
Lease, Cost
A summary of operating and finance right-of-use assets and lease liabilities were as follows:
ClassificationJune 25
2025		December 25
2024
Operating leasesOperating lease assets$453,844 $424,611 
Finance leasesProperty and equipment, net14,927 12,225 
Total right-of-use assets$468,771 $436,836 
Operating leases:
Operating lease liabilities, current$59,133 $55,739 
Long-term operating lease liabilities525,998 494,499 
Finance leases:
Other current liabilities5,256 4,086 
Other long-term liabilities10,234 8,616 
Total lease liabilities$600,621 $562,940 
The components of lease expense were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Operating lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		$21,576 $19,165 $42,250 $37,655 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense1,397 1,075 2,751 2,043 
Interest on lease liabilitiesInterest expense231 207 466 387 
Variable lease costOccupancy and related expenses
Pre-opening costs
General and administrative expenses		5,932 5,523 11,535 10,729 
Short-term lease costOccupancy and related expenses163 190 310 406 
Total lease cost$29,299 $26,160 $57,312 $51,220 
A summary of lease terms and discount rates for operating and finance leases were as follows:
June 25
2025		December 25
2024
Weighted average remaining lease term (years):
Operating leases8.68.7
Finance leases3.03.3
Weighted average discount rate:
Operating leases6.3 %6.2 %
Finance leases6.0 %6.1 %
Supplemental cash flow information related to leases was as follows:
Twenty-Six Weeks Ended
June 25
2025		June 26
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$52,000 $40,095 
Operating cash flows from finance leases466 387 
Financing cash flows from finance leases2,631 1,918 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases55,233 43,822 
Finance leases6,292 2,520 
Lessee, Operating Lease, Liability, Maturity
As of June 25, 2025, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2025(1)
$32,661 $3,078 
202693,762 5,694 
202795,218 5,051 
202891,292 2,531 
202985,058 378 
Thereafter354,069 176 
Total minimum payments752,060 16,908 
Less: imputed interest182,537 1,418 
Total lease liabilities$569,523 $15,490 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of June 25, 2025.
Finance Lease, Liability, Maturity
As of June 25, 2025, future minimum lease payments for operating and finance leases consisted of the following:
Operating LeasesFinance Leases
2025(1)
$32,661 $3,078 
202693,762 5,694 
202795,218 5,051 
202891,292 2,531 
202985,058 378 
Thereafter354,069 176 
Total minimum payments752,060 16,908 
Less: imputed interest182,537 1,418 
Total lease liabilities$569,523 $15,490 
(1)Operating leases are net of certain tenant allowance receivables that were reclassified to Other current assets as of June 25, 2025.
v3.25.2
NON-CONTROLLING INTERESTS (Tables)
 6 Months Ended
Jun. 25, 2025
Noncontrolling Interest [Abstract]  
Schedule of Ownership Interests in SSE Holdings
The following table summarizes the ownership interest in SSE Holdings:
June 25, 2025December 25, 2024
LLC InterestsOwnership %LLC InterestsOwnership %
Number of LLC Interests held by Shake Shack Inc.40,243,981 94.3 %40,068,068 94.2 %
Number of LLC Interests held by non-controlling interest holders2,439,789 5.7 %2,455,713 5.8 %
Total LLC Interests outstanding42,683,770 100.0 %42,523,781 100.0 %
Noncontrolling Interest, Ownership Percentages
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Non-controlling interest holders' weighted average ownership percentages5.7 %6.3 %5.7 %6.5 %
Schedule of Non-Controlling Interest
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Net income attributable to Shake Shack Inc.$17,148 $9,668 $21,393 $11,708 
Other comprehensive loss:
Unrealized holding loss on foreign currency translation adjustment(2)— (3)(1)
Transfers (to) from non-controlling interests:
Increase (decrease) in additional paid-in capital as a result of the redemption of LLC Interests20 2,953 (299)3,239 
Decrease in additional paid-in capital as a result of activity under stock compensation plan(1,149)(320)(9,491)(5,897)
Total effect of changes in ownership interest on equity attributable to Shake Shack Inc.$16,017 $12,301 $11,600 $9,049 
Redemption of LLC Interests
The following table summarizes the LLC Interests activity:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan:
Number of LLC Interests received by Shake Shack Inc.17,320 18,514 159,989 146,081 
Redemption and acquisition of LLC Interests:
Number of LLC Interests redeemed by non-controlling interest holders5,000 313,077 15,924 346,577 
Number of LLC Interests received by Shake Shack Inc.5,000 313,077 15,924 346,577 
Issuance of Class A common stock:
Shares of Class A common stock issued in connection with redemptions of LLC Interests5,000 313,077 15,924 346,577 
Cancellation of Class B common stock:
Shares of Class B common stock surrendered and canceled5,000 313,077 15,924 346,577 
The following table summarizes the LLC Interests acquired by the Company:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan17,320 18,514 159,989 146,081 
LLC Interests activity from redemptions of LLC Interests5,000 313,077 15,924 346,577 
Total LLC Interests acquired by the Company
22,320 331,591 175,913 492,658 
v3.25.2
EQUITY-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 25, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-Based Compensation Expense Recognized
A summary of equity-based compensation expense by award type was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Performance stock units$1,390 $(505)$2,538 $278 
Restricted stock units3,819 4,244 7,212 7,103 
Equity-based compensation expense$5,209 $3,739 $9,750 $7,381 
Total income tax benefit recognized related to equity-based compensation$117 $113 $213 $217 
Equity-based compensation expense recognized was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
General and administrative expenses$4,653 $3,317 $8,768 $6,633 
Labor and related expenses556 422 982 748 
Equity-based compensation expense$5,209 $3,739 $9,750 $7,381 
v3.25.2
INCOME TAXES (Tables)
 6 Months Ended
Jun. 25, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents the Company’s effective income tax rates:

Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Effective income tax rates25.1 %23.4 %23.2 %22.7 %
Schedule Of Weighted Average Ownership Interest
The Company's weighted average ownership interest in SSE Holdings was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Shake Shack's weighted average ownership percentages
94.3 %93.7 %94.3 %93.5 %
Redemption of LLC Interests
The following table summarizes the LLC Interests activity:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan:
Number of LLC Interests received by Shake Shack Inc.17,320 18,514 159,989 146,081 
Redemption and acquisition of LLC Interests:
Number of LLC Interests redeemed by non-controlling interest holders5,000 313,077 15,924 346,577 
Number of LLC Interests received by Shake Shack Inc.5,000 313,077 15,924 346,577 
Issuance of Class A common stock:
Shares of Class A common stock issued in connection with redemptions of LLC Interests5,000 313,077 15,924 346,577 
Cancellation of Class B common stock:
Shares of Class B common stock surrendered and canceled5,000 313,077 15,924 346,577 
The following table summarizes the LLC Interests acquired by the Company:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
LLC Interests activity under the Company's stock compensation plan17,320 18,514 159,989 146,081 
LLC Interests activity from redemptions of LLC Interests5,000 313,077 15,924 346,577 
Total LLC Interests acquired by the Company
22,320 331,591 175,913 492,658 
Schedule of Deferred Tax Assets
Deferred tax assets related to the basis difference in the Company's investment in SSE Holdings were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Deferred tax assets recognized upon acquisition of LLC Interests
$(541)$7,263 $2,817 $10,577 
June 25
2025		December 25
2024
Total deferred tax assets related to the acquisition of LLC Interests
$100,331 $89,397 
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Deferred tax assets recognized under the Tax Receivable Agreement
$55 $2,760 $168 $3,063 
Schedule Of Obligations Under Tax Receivable Agreement
A summary of obligations and payments made under the Tax Receivable Agreement were as follows:

Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid under the Tax Receivable Agreement
$— $— $24 $— 
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Additional liabilities recognized under the Tax Receivable Agreement
$204 $10,150 $608 $11,265 
June 25
2025		December 25
2024
Total obligations under the Tax Receivable Agreement
$248,318 $247,734 
v3.25.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 25, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share amounts):
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Numerator:
Net income attributable to Shake Shack Inc.—basic$17,148 $9,668 $21,393 $11,708 
Net income attributable to Shake Shack Inc.—diluted$17,148 $9,668 $21,393 $11,708 
Denominator:
Weighted average shares of Class A common stock outstanding—basic40,226 39,750 40,173 39,632 
Effect of dilutive securities:
Stock options2 60 3 65 
Performance stock units23 63 53 39 
Restricted stock units101 140 146 166 
Convertible Notes1,467 1,467 1,467 1,467 
Weighted average shares of Class A common stock outstanding—diluted41,819 41,480 41,842 41,369 
Earnings per share of Class A common stock—basic$0.43 $0.24 $0.53 $0.30 
Earnings per share of Class A common stock—diluted$0.41 $0.23 $0.51 $0.28 
The following table presents potentially dilutive securities excluded from the computations of diluted earnings per share of Class A common stock:
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Performance stock units120,892 (1)121,131 (1)120,892 (1)121,131 (1)
Shares of Class B common stock2,439,789 (2)2,487,936 (2)2,439,789 (2)2,487,936 (2)
(1)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings per share of Class A common stock because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.
(2)Number of securities outstanding at the end of the period that were excluded from the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive.
v3.25.2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
 6 Months Ended
Jun. 25, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Cash Flow Information
The following table sets forth supplemental cash flow information:
Twenty-Six Weeks Ended
June 25
2025		June 26
2024
Cash paid for:
Income taxes, net of refunds$2,882 $3,696 
Interest, net of amounts capitalized451 493 
Non-cash investing activities:
Accrued purchases of property and equipment24,171 19,749 
Capitalized equity-based compensation144 107 
Non-cash financing activities:
Establishment of liabilities under Tax Receivable Agreement
608 11,265 
v3.25.2
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 25, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to MSP ConservancyOccupancy and related expenses$243 $229 $476 $458 
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to Olo, Inc.Other operating expenses$328 $133 $480 $314 

ClassificationJune 25
2025		December 25
2024
Amounts due to Olo, Inc.Accounts payable
Accrued expenses		$190 $227 
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid under the Tax Receivable Agreement
Other current liabilities
$— $— $24 $— 
ClassificationJune 25
2025		December 25
2024
Amounts due under the Tax Receivable AgreementOther current liabilities
Liabilities under Tax Receivable Agreement, net of current portion		$248,318 $247,734 
Thirteen Weeks EndedTwenty-Six Weeks Ended
ClassificationJune 25
2025		June 26
2024		June 25
2025		June 26
2024
Amounts paid to non-controlling interest holdersNon-controlling interests$836 $— $857 $145 
v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 25, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 25
2025		June 26
2024		June 25
2025		June 26
2024
Segment revenue
$356,466 $316,496 $677,364 $607,000 
Less:
Food and paper costs96,621 85,053 182,658 165,306 
Labor and related expenses88,058 86,614 174,726 168,123 
Other operating expenses(1)
50,768 43,953 99,030 85,809 
Occupancy and related expenses25,593 23,226 50,224 45,414 
General and administrative expenses
40,671 36,313 81,311 72,257 
Depreciation and amortization expense26,545 25,496 53,088 50,937 
Pre-opening costs4,955 4,014 8,173 6,767 
Impairments, loss on disposal of assets, and Shack closures881 1,045 2,938 1,571 
Interest expense548 527 1,111 1,035 
Income tax expense6,193 3,173 6,930 3,691 

Other income, net(2)
(2,850)(3,300)(5,821)(6,506)
Segment income18,483 10,382 22,996 12,596 
Reconciliation of profit or loss:
Adjustments and reconciling items— — — — 
Consolidated net income$18,483 $10,382 $22,996 $12,596 
June 25
2025		December 25
2024
Total Assets$1,775,033 $1,696,971 
(1)Other operating expenses consist of delivery commissions, Shack-level marketing expenses, repairs and maintenance, utilities, and other operating expenses incidental to operating our Company-operated Shacks, such as non-perishable supplies, credit card fees and property insurance.
(2)Other income, net includes net unrealized and realized gains and losses from marketable securities, dividend and interest income, and adjustments to liabilities under the Tax Receivable Agreement. Interest income was $49 and $88 for the thirteen and twenty-six weeks ended June 25, 2025, respectively. Interest income was $132 and $667 for the thirteen and twenty-six weeks ended June 26, 2024, respectively.
v3.25.2
NATURE OF OPERATIONS (Details) - Restaurant
Jun. 25, 2025
Dec. 25, 2024
Class of Stock [Line Items]    
Number of restaurants 610  
Company-operated    
Class of Stock [Line Items]    
Number of restaurants 346  
Licensed    
Class of Stock [Line Items]    
Number of restaurants 264  
Shake Shack Inc.    
Class of Stock [Line Items]    
Ownership percent of noncontrolling interest 94.30% 94.20%
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Variable Interest Entity [Line Items]    
Net assets held by SSE holders $ 1,775,033 $ 1,696,971
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Net assets held by SSE holders $ 450,628 $ 413,793
v3.25.2
REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer $ 356,466 $ 316,496 $ 677,364 $ 607,000
Shack sales        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer 343,224 305,480 653,062 586,032
Sales-based royalties        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer 12,613 10,624 23,252 20,257
Initial territory and opening fees        
Disaggregation of Revenue [Line Items]        
Revenue from contract with customer $ 629 $ 392 $ 1,050 $ 711
v3.25.2
REVENUE - Narrative (Details)
$ in Thousands
Jun. 25, 2025
USD ($)
Disaggregation of Revenue [Line Items]  
Revenue, remaining performance obligation $ 27,340
Minimum  
Disaggregation of Revenue [Line Items]  
License term 10 years
Maximum  
Disaggregation of Revenue [Line Items]  
License term 20 years
v3.25.2
REVENUE - Schedule of Respective Liability Balances (Details) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Disaggregation of Revenue [Line Items]    
Gift card liability $ 2,200 $ 2,584
Deferred revenue, current 1,828 1,666
Deferred revenue, long-term 19,611 17,060
Shack sales    
Disaggregation of Revenue [Line Items]    
Contract with customer, asset, net 11,129 10,699
Licensing receivables, net of allowance for doubtful accounts    
Disaggregation of Revenue [Line Items]    
Contract with customer, asset, net $ 7,371 $ 5,735
v3.25.2
REVENUE - Liability Balance (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Revenue from Contract with Customer [Abstract]        
Gift card liability $ 193 $ 168 $ 652 $ 587
Deferred revenue $ 617 $ 385 $ 1,036 $ 702
v3.25.2
FAIR VALUE MEASUREMENTS - Other Income (Expense) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Fair Value Disclosures [Abstract]        
Income from marketable securities $ 0 $ 90 $ 0 $ 625
v3.25.2
FAIR VALUE MEASUREMENTS - Additional Information (Details) - Facility Closing
 3 Months Ended 6 Months Ended
Jun. 25, 2025
USD ($)
Shack
Jun. 26, 2024
USD ($)
Jun. 25, 2025
USD ($)
Shack
Jun. 26, 2024
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Number of restaurants closed | Shack 9   9  
Asset impairment charges $ 0   $ 162,000  
Miscellaneous closure expense $ 295,000 $ 0 $ 1,786,000 $ 0
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid expenses $ 10,415 $ 8,196
Tenant allowance receivables 15,608 12,761
Other 787 844
Prepaid expenses and other current assets $ 26,810 $ 21,801
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Current Liabilities (Details) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Other Liabilities, Current    
Sales tax payable $ 7,300 $ 6,999
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Current portion of financing equipment lease liabilities $ 5,256 $ 4,086
Gift card liability 2,200 2,584
Other 6,464 5,869
Other current liabilities $ 21,220 $ 19,538
v3.25.2
DEBT - Convertible Notes (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended
Mar. 31, 2021
USD ($)
d
$ / shares
shares
Jun. 25, 2025
USD ($)
$ / shares
Dec. 25, 2024
USD ($)
$ / shares
Class A Common Stock      
Debt Instrument [Line Items]      
Common stock par value (in dollars per share) | $ / shares   $ 0.001 $ 0.001
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement      
Debt Instrument [Line Items]      
Aggregate principal amount | $ $ 250,000    
Interest rate (in percent) 0.00%    
Conversion rate | shares 5.8679    
Conversion price (in dollars per share) | $ / shares $ 170.42    
Fair value of convertible notes | $   $ 262,125 $ 256,900
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition One      
Debt Instrument [Line Items]      
Threshold trading days 20    
Threshold consecutive trading days 30    
Threshold percentage of stock price trigger (in percent) 130.00%    
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition One | Class A Common Stock      
Debt Instrument [Line Items]      
Common stock par value (in dollars per share) | $ / shares $ 0.001    
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement | Debt Conversion, Condition Two      
Debt Instrument [Line Items]      
Threshold consecutive trading days 10    
Threshold percentage of stock price trigger (in percent) 98.00%    
Threshold business days 5    
v3.25.2
DEBT - Convertible Notes Classification (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Debt Instrument [Line Items]          
Amortization expense on Convertible Notes $ 262 $ 262 $ 524 $ 524  
Long-term debt 247,207   247,207   $ 246,683
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement          
Debt Instrument [Line Items]          
Convertible Notes 250,000   250,000   250,000
Discount and debt issuance costs, net of amortization (2,793)   (2,793)   (3,317)
Long-term debt $ 247,207   $ 247,207   $ 246,683
v3.25.2
DEBT - Revolving Credit Facility (Details) - Revolving Credit Facility - Line of Credit - USD ($)
 3 Months Ended
Mar. 26, 2025
Jun. 25, 2025
Dec. 25, 2024
Line of Credit Facility [Line Items]      
Maximum borrowing capacity   $ 50,000,000  
Incremental borrowing capacity   100,000,000  
Outstanding amount under credit facility   0 $ 0
Third Amendment and Restated Credit Arrangement      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity   15,000,000  
Letters of credit outstanding   $ 3,894,000 $ 3,894,000
Minimum | Base Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (in percent) 0.00%    
Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (in percent) 1.00%    
Maximum | Base Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (in percent) 1.50%    
Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (in percent) 2.50%    
v3.25.2
DEBT - Revolving Credit Facility Classification (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Debt Instrument [Line Items]          
Interest expense $ 548 $ 527 $ 1,111 $ 1,035  
Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Interest expense 16 $ 17 33 $ 34  
Unamortized debt issuance cost $ 13   $ 13   $ 23
v3.25.2
LEASES - Balance Sheet Clasification (Details) - USD ($)
$ in Thousands
Jun. 25, 2025
Dec. 25, 2024
Leases [Abstract]    
Operating lease assets $ 453,844 $ 424,611
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Operating lease assets Operating lease assets
Finance lease right-of-use asset $ 14,927 $ 12,225
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Property and equipment, net of accumulated depreciation of $506,081 and $457,186, respectively. Property and equipment, net of accumulated depreciation of $506,081 and $457,186, respectively.
Total right-of-use assets $ 468,771 $ 436,836
Operating leases:    
Operating lease liabilities, current 59,133 55,739
Long-term operating lease liabilities 525,998 494,499
Finance leases:    
Other current liabilities 5,256 4,086
Other long-term liabilities 10,234 8,616
Total lease liabilities $ 600,621 $ 562,940
v3.25.2
LEASES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Total lease cost        
Operating lease cost $ 21,576 $ 19,165 $ 42,250 $ 37,655
Amortization of right-of-use assets 1,397 1,075 2,751 2,043
Interest on lease liabilities 231 207 466 387
Variable lease cost 5,932 5,523 11,535 10,729
Short-term lease cost 163 190 310 406
Total lease cost $ 29,299 $ 26,160 $ 57,312 $ 51,220
v3.25.2
LEASES - Future Minimum Lease Payments (Details)
$ in Thousands
Jun. 25, 2025
USD ($)
Operating Leases  
2025 $ 32,661
2026 93,762
2027 95,218
2028 91,292
2029 85,058
Thereafter 354,069
Total minimum payments 752,060
Less: imputed interest 182,537
Total lease liabilities 569,523
Finance Leases  
2025 3,078
2026 5,694
2027 5,051
2028 2,531
2029 378
Thereafter 176
Total minimum payments 16,908
Less: imputed interest 1,418
Total lease liabilities $ 15,490
v3.25.2
LEASES - Narrative (Details)
$ in Thousands
Jun. 25, 2025
USD ($)
Leases [Abstract]  
Operating lease for non-cancellable leases $ 215,605
v3.25.2
LEASES - Lease Terms and Discount Rates (Details)
Jun. 25, 2025
Dec. 25, 2024
Weighted average remaining lease term (years):    
Operating leases 8 years 7 months 6 days 8 years 8 months 12 days
Finance leases 3 years 3 years 3 months 18 days
Weighted average discount rate:    
Operating leases 6.30% 6.20%
Finance leases 6.00% 6.10%
v3.25.2
LEASES - Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases $ 52,000 $ 40,095
Operating cash flows from finance leases 466 387
Financing cash flows from finance leases 2,631 1,918
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases 55,233 43,822
Finance leases $ 6,292 $ 2,520
v3.25.2
NON-CONTROLLING INTERESTS - Narrative (Details)
Feb. 04, 2015
Class A Common Stock  
Noncontrolling Interest [Line Items]  
Ratio of common stock to limited liability company interest 1
v3.25.2
NON-CONTROLLING INTERESTS - Ownership Interest in SSE Holdings (Details) - shares
Jun. 25, 2025
Dec. 25, 2024
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by Shake Shack Inc. (in shares) 40,243,981 40,068,068
Number of LLC Interests held by non-controlling interest holders (in shares) 2,439,789 2,455,713
Total LLC Interests outstanding (in shares) 42,683,770 42,523,781
Total LLC Interests outstanding (as a percentage) 100.00% 100.00%
Shake Shack Inc.    
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by Shake Shack Inc. (as a percentage) 94.30% 94.20%
Non-Controlling Interest Holders    
Noncontrolling Interest [Line Items]    
Number of LLC Interests held by non-controlling interest holders (as a percentage) 5.70% 5.80%
v3.25.2
NON-CONTROLLING INTERESTS - Weighted Average Ownership Percentages (Details)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Noncontrolling Interest [Abstract]        
Non-controlling interest holders' weighted average ownership percentages 5.70% 6.30% 5.70% 6.50%
v3.25.2
NON-CONTROLLING INTERESTS - Changes in Ownership Interests in SSE Holdings (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Noncontrolling Interest [Line Items]        
Net income attributable to Shake Shack Inc. $ 17,148 $ 9,668 $ 21,393 $ 11,708
Other comprehensive loss:        
Unrealized holding loss on foreign currency translation adjustment (2) [1] 0 [1] (3) (1)
Transfers (to) from non-controlling interests:        
Total effect of changes in ownership interest on equity attributable to Shake Shack Inc. 16,017 12,301 11,600 9,049
Unrealized holding gains on equity securities        
Other comprehensive loss:        
Unrealized holding loss on foreign currency translation adjustment (2) 0 (3) (1)
Additional Paid-In Capital | Redemption or Exchange of Units        
Transfers (to) from non-controlling interests:        
Increase (decrease) in additional paid-in capital 20 2,953 (299) 3,239
Additional Paid-In Capital | Employee Stock Option        
Transfers (to) from non-controlling interests:        
Increase (decrease) in additional paid-in capital $ (1,149) $ (320) $ (9,491) $ (5,897)
[1] Net of tax expense of $0 for the thirteen and twenty-six weeks ended June 25, 2025 and June 26, 2024.
v3.25.2
NON-CONTROLLING INTERESTS - Redemption of LLC Interests (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Limited Liability Company        
Class of Stock [Line Items]        
Number of LLC Interests received by Shake Shack Inc. (in shares) 22,320 331,591 175,913 492,658
Number of units redeemed (in shares) 5,000 313,077 15,924 346,577
Stock options | Limited Liability Company        
Class of Stock [Line Items]        
Number of LLC Interests received by Shake Shack Inc. (in shares) 17,320 18,514 159,989 146,081
Redemptions by NCI Holders | Limited Liability Company        
Class of Stock [Line Items]        
Number of units redeemed (in shares) 5,000 313,077 15,924 346,577
Common Stock | Class A Common Stock        
Class of Stock [Line Items]        
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares) 5,000 313,077 15,924 346,577
Common Stock | Class B Common Stock        
Class of Stock [Line Items]        
Shares of Class A common stock issued in connection with redemptions of LLC Interests (in shares) (5,000) (313,077) (15,924) (346,577)
Shares of Class B common stock surrendered and canceled (in shares) 5,000 313,077 15,924 346,577
v3.25.2
EQUITY-BASED COMPENSATION - Schedule of compensation expense recognized (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity-based compensation expense $ 5,209 $ 3,739 $ 9,750 $ 7,381
Total income tax benefit recognized related to equity-based compensation 117 113 213 217
Performance stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity-based compensation expense 1,390 (505) 2,538 278
Restricted stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity-based compensation expense 3,819 4,244 7,212 7,103
General and administrative expenses        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity-based compensation expense 4,653 3,317 8,768 6,633
Labor and related expenses        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity-based compensation expense $ 556 $ 422 $ 982 $ 748
v3.25.2
INCOME TAXES - Effective Income Tax Rates (Details)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Income Tax Disclosure [Abstract]        
Effective income tax rates (in percentage) 25.10% 23.40% 23.20% 22.70%
v3.25.2
INCOME TAXES - Weighted Average Ownership Interest (Details)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Income Tax Disclosure [Abstract]        
Shake Shack's weighted average ownership percentages (in percent) 94.30% 93.70% 94.30% 93.50%
v3.25.2
INCOME TAXES - LLC Interests Acquired By The Company (Details) - Limited Liability Company - shares
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Income Tax Contingency [Line Items]        
Total LLC Interests acquired by the Company (in shares) 22,320 331,591 175,913 492,658
LLC Interests activity from redemptions of LLC Interests 5,000 313,077 15,924 346,577
Stock options        
Income Tax Contingency [Line Items]        
Total LLC Interests acquired by the Company (in shares) 17,320 18,514 159,989 146,081
v3.25.2
INCOME TAXES - Deferred Tax Assets (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Income Tax Contingency [Line Items]        
Deferred tax assets recognized upon acquisition of LLC Interests $ (541) $ 7,263 $ 2,817 $ 10,577
Deferred tax assets recognized under the Tax Receivable Agreement 55 2,760 168 3,063
Limited Liability Company        
Income Tax Contingency [Line Items]        
Total deferred tax assets related to the acquisition of LLC Interests $ 100,331 $ 89,397 $ 100,331 $ 89,397
v3.25.2
INCOME TAXES - Narrative (Details)
Jun. 25, 2025
USD ($)
Income Tax Contingency [Line Items]  
Percentage of tax benefits due to equity owners 85.00%
Percentage of tax benefits expected to be realized 15.00%
Foreign Tax Credit  
Income Tax Contingency [Line Items]  
Deferred tax assets, valuation allowance $ 0
v3.25.2
INCOME TAXES - Obligations Under Tax Receivable Agreement (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Income Tax Disclosure [Abstract]          
Amounts paid under the Tax Receivable Agreement $ 0 $ 0 $ 24,000 $ 0  
Additional liabilities recognized under the Tax Receivable Agreement 204,000 $ 10,150,000 608,000 $ 11,265,000  
Total obligations under the Tax Receivable Agreement $ 248,318,000   $ 248,318,000   $ 247,734,000
v3.25.2
EARNINGS PER SHARE - Schedule of Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Numerator:        
Net income attributable to Shake Shack Inc.—basic $ 17,148 $ 9,668 $ 21,393 $ 11,708
Net income attributable to Shake Shack Inc.—diluted $ 17,148 $ 9,668 $ 21,393 $ 11,708
Denominator:        
Weighted average shares of Class A common stock outstanding—basic 40,226 39,750 40,173 39,632
Effect of dilutive securities:        
Weighted average shares of Class A common stock outstanding—diluted 41,819 41,480 41,842 41,369
Earnings per share of Class A common stock—basic (in dollars per share) $ 0.43 $ 0.24 $ 0.53 $ 0.30
Earnings per share of Class A common stock—diluted (in dollars per share) $ 0.41 $ 0.23 $ 0.51 $ 0.28
Stock options        
Effect of dilutive securities:        
Incremental common shares (in shares) 2 60 3 65
Performance stock units        
Effect of dilutive securities:        
Incremental common shares (in shares) 23 63 53 39
Restricted stock units        
Effect of dilutive securities:        
Incremental common shares (in shares) 101 140 146 166
Convertible Notes        
Effect of dilutive securities:        
Incremental common shares (in shares) 1,467 1,467 1,467 1,467
v3.25.2
EARNINGS PER SHARE - Antidilutive Securities (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Performance stock units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares (in shares) 120,892 121,131 120,892 121,131
Class B Common Stock | Common Stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares (in shares) 2,439,789 2,487,936 2,439,789 2,487,936
v3.25.2
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Cash paid for:        
Income taxes, net of refunds     $ 2,882 $ 3,696
Interest, net of amounts capitalized     451 493
Non-cash investing activities:        
Accrued purchases of property and equipment     24,171 19,749
Capitalized equity-based compensation     144 107
Non-cash financing activities:        
Establishment of liabilities under Tax Receivable Agreement $ 204 $ 10,150 $ 608 $ 11,265
v3.25.2
COMMITMENTS AND CONTINGENCIES (Details)
$ in Thousands
Jun. 25, 2025
USD ($)
Loss Contingencies [Line Items]  
Percentage of tax benefits due to equity owners 85.00%
Letter of Credit  
Loss Contingencies [Line Items]  
Letters of credit outstanding $ 695
v3.25.2
RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)
Jun. 25, 2025
Dec. 25, 2024
Related Party Transaction [Line Items]    
Accrued expenses $ 79,741,000 $ 63,005,000
Percentage of tax benefits due to equity owners 85.00%  
Madison Square Park Conservancy ("MSP Conservancy") | Related Party    
Related Party Transaction [Line Items]    
Accrued expenses $ 0 $ 0
v3.25.2
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Related Party Transaction [Line Items]          
Occupancy and related expenses $ 25,593 $ 23,226 $ 50,224 $ 45,414  
Other operating expenses 50,768 43,953 99,030 85,809  
Accounts payable 20,662   20,662   $ 23,609
Madison Square Park Conservancy ("MSP Conservancy") | Related Party          
Related Party Transaction [Line Items]          
Occupancy and related expenses 243 229 476 458  
Olo, Inc. | Related Party          
Related Party Transaction [Line Items]          
Other operating expenses 328 $ 133 480 $ 314  
Accounts payable $ 190   $ 190   $ 227
v3.25.2
RELATED PARTY TRANSACTIONS - Tax Receivable Agreement (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Related Party Transactions [Abstract]          
Amounts paid under the Tax Receivable Agreement $ 0 $ 0 $ 24,000 $ 0  
Liabilities under tax receivable agreement, net of current portion $ 248,318,000   $ 248,318,000   $ 247,734,000
v3.25.2
RELATED PARTY TRANSACTIONS - Distributions to Members of SSE Holdings (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Related Party Transactions [Abstract]        
Distributions paid to non-controlling interest holders $ 836 $ 0 $ 857 $ 145
v3.25.2
SEGMENT REPORTING - Narrative (Details)
 6 Months Ended
Jun. 25, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.2
SEGMENT REPORTING - Schedule of Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2025
Jun. 26, 2024
Jun. 25, 2025
Jun. 26, 2024
Dec. 25, 2024
Segment Reporting Information [Line Items]          
Revenue from contract with customer $ 356,466 $ 316,496 $ 677,364 $ 607,000  
Less:          
Food and paper costs 96,621 85,053 182,658 165,306  
Labor and related expenses 88,058 86,614 174,726 168,123  
Other operating expenses 50,768 43,953 99,030 85,809  
Occupancy and related expenses 25,593 23,226 50,224 45,414  
General and administrative expenses 40,671 36,313 81,311 72,257  
Depreciation and amortization expense 26,545 25,496 53,088 50,937  
Pre-opening costs 4,955 4,014 8,173 6,767  
Interest expense 548 527 1,111 1,035  
Income tax expense 6,193 3,173 6,930 3,691  
Other income, net 2,850 3,300 5,821 6,506  
NET INCOME 18,483 10,382 22,996 12,596  
TOTAL ASSETS 1,775,033   1,775,033   $ 1,696,971
Interest income 49 132 88 667  
Reportable Segment          
Less:          
TOTAL ASSETS 1,775,033   1,775,033   $ 1,696,971
Reportable Segment | Operating Segments          
Segment Reporting Information [Line Items]          
Revenue from contract with customer 356,466 316,496 677,364 607,000  
Less:          
Food and paper costs 96,621 85,053 182,658 165,306  
Labor and related expenses 88,058 86,614 174,726 168,123  
Other operating expenses 50,768 43,953 99,030 85,809  
Occupancy and related expenses 25,593 23,226 50,224 45,414  
General and administrative expenses 40,671 36,313 81,311 72,257  
Depreciation and amortization expense 26,545 25,496 53,088 50,937  
Pre-opening costs 4,955 4,014 8,173 6,767  
Impairments, loss on disposal of assets, and Shack closures 881 1,045 2,938 1,571  
Interest expense 548 527 1,111 1,035  
Income tax expense 6,193 3,173 6,930 3,691  
Other income, net (2,850) (3,300) (5,821) (6,506)  
NET INCOME 18,483 10,382 22,996 12,596  
Reportable Segment | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment          
Less:          
NET INCOME $ 0 $ 0 $ 0 $ 0