# Shake Shack Inc.

Summary updated: 2026-10-02T12:17:00.346391Z
Canonical: https://finbar.com/research/companies/shake-shack-inc

## Overview

Shake Shack Inc. is a restaurant company in the fast-casual dining sector. It operates company-run restaurants and licenses others under the Shake Shack brand, serving burgers, chicken, hot dogs, fries, shakes, frozen custard and other offerings. [1](https://app.finbar.com/go?id=P94489029)[2](https://app.finbar.com/go?id=P49313149)

Founded in 2001 as a hot-dog cart in New York City’s Madison Square Park, the business grew into a permanent kiosk and opened there in 2004. Its stated mission is to “Stand For Something Good in all that we do.” [3](https://app.finbar.com/go?id=P69805754)[4](https://shakeshack.com/node)

Shake Shack operates in the United States and has an international presence through licensed restaurants, including markets in Asia, Europe, the Middle East and Latin America. At December 31, 2025, it had 659 restaurants system-wide, comprising 373 company-operated and 286 licensed locations. For fiscal 2025, revenue was approximately $1.45 billion, and it reported 13,873 team members at year-end. [3](https://app.finbar.com/go?id=P69805754)[5](https://app.finbar.com/go?id=T940744)[6](https://app.finbar.com/go?id=T9941127)[7](https://app.finbar.com/go?id=P13189183)
[1](https://app.finbar.com/go?id=P94489029)[2](https://app.finbar.com/go?id=P49313149)[3](https://app.finbar.com/go?id=P69805754)[5](https://app.finbar.com/go?id=T940744)[6](https://app.finbar.com/go?id=T9941127)[7](https://app.finbar.com/go?id=P13189183)[4](https://shakeshack.com/node)

## Products & services

Shake Shack’s menu includes made-to-order Angus beef burgers, crispy chicken, hot dogs, crinkle-cut fries, hand-spun milkshakes, frozen custard, house-made lemonades, beer and wine. [1](https://app.finbar.com/go?id=P94489029) Named examples include the ShackBurger, made with American cheese, tomato and ShackSauce, and the Chicken Shack, made with hand-breaded chicken, pickles and buttermilk herb mayo; both have lettuce-wrap options. [8](https://shakeshack.com/blog/our-food/introducing-the-shake-shack-good-fit-menu) Other menu examples include the ‘Shroom Burger, a crisp-fried portobello mushroom filled with melted Muenster and cheddar, and the SmokeShack, an Angus beef cheeseburger with applewood-smoked bacon, chopped cherry peppers and ShackSauce. [9](https://shakeshack.com/blog/our-food/our-white-truffle-menu-has-arrived)[10](https://shakeshack.com/blog/our-food/hollywoods-biggest-night-promotion)

Customers can order at restaurants, through Shake Shack’s app or website, and via third-party delivery platforms including Uber Eats, DoorDash and Grubhub. [11](https://app.finbar.com/go?id=P81182846)[12](https://app.finbar.com/go?id=P122437740)[13](https://shakeshack.com/app) Menus may include location-specific and limited-time items. [14](https://app.finbar.com/go?id=P12665624)[15](https://app.finbar.com/go?id=P9482760)
[1](https://app.finbar.com/go?id=P94489029)[8](https://shakeshack.com/blog/our-food/introducing-the-shake-shack-good-fit-menu)[9](https://shakeshack.com/blog/our-food/our-white-truffle-menu-has-arrived)[10](https://shakeshack.com/blog/our-food/hollywoods-biggest-night-promotion)[11](https://app.finbar.com/go?id=P81182846)[12](https://app.finbar.com/go?id=P122437740)[13](https://shakeshack.com/app)[14](https://app.finbar.com/go?id=P12665624)[15](https://app.finbar.com/go?id=P9482760)[8](https://shakeshack.com/blog/our-food/introducing-the-shake-shack-good-fit-menu)[9](https://shakeshack.com/blog/our-food/our-white-truffle-menu-has-arrived)[10](https://shakeshack.com/blog/our-food/hollywoods-biggest-night-promotion)[13](https://shakeshack.com/app)

## Geographic presence

At FY2025 year-end, Shake Shack had 373 company-operated and 47 licensed locations in the United States, plus 239 licensed international locations; it reported no international company-operated locations. Its listed international markets were the Bahamas, Bahrain, Canada, England, Mainland China, Hong Kong, Macau, Israel, Japan, Kuwait, Malaysia, Mexico, the Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Thailand, Turkey, the United Arab Emirates, and Wales. [16](https://app.finbar.com/go?id=P82300013) New York had 67 locations (55 company-operated and 12 licensed), while California had 50, all company-operated. [17](https://app.finbar.com/go?id=P67861149)[18](https://app.finbar.com/go?id=T7321776)

For the 26 weeks ended July 1, 2026, company-operated Shack sales were $757.484 million, or 96.6% of revenue, and licensing revenue was $26.871 million, or 3.4%; these are revenue categories, not geographic shares. The company does not disclose revenue by country or region in the cited filing. [19](https://app.finbar.com/go?id=P146268149)[20](https://app.finbar.com/go?id=P77704359) Shake Shack’s principal executive offices are at 225 Varick Street, Suite 301, New York, New York 10014. [21](https://app.finbar.com/go?id=P146268106)
[16](https://app.finbar.com/go?id=P82300013)[17](https://app.finbar.com/go?id=P67861149)[18](https://app.finbar.com/go?id=T7321776)[19](https://app.finbar.com/go?id=P146268149)[20](https://app.finbar.com/go?id=P77704359)[21](https://app.finbar.com/go?id=P146268106)

## Business segments

For fiscal 2025, Shake Shack reported one operating and one reportable segment. The segment encompasses Shack operations, which management reviews and resources on a consolidated basis; the company does not report Company-operated and licensed Shacks as separate reportable segments. [22](https://app.finbar.com/go?id=P2030904)

As an alternative view of the business, FY2025 revenue was $1.391 billion from Shack sales (about 96.3% of total revenue) and $54.1 million from licensing revenue (about 3.7%), out of $1.445 billion total. Licensing revenue includes fees and ongoing sales-based royalties from licensed Shacks. These percentages represent revenue mix, not segment contributions. [23](https://app.finbar.com/go?id=T1838855)[24](https://app.finbar.com/go?id=P8039295)
[22](https://app.finbar.com/go?id=P2030904)[23](https://app.finbar.com/go?id=T1838855)[24](https://app.finbar.com/go?id=P8039295)

## Company history

Shake Shack began in 2001 as a hot-dog cart in Madison Square Park, created by Danny Meyer’s Union Square Hospitality Group to support the park’s revitalization. After three summers of operation, it became a permanent kiosk restaurant in the park in 2004. [25](https://app.finbar.com/go?id=P190970862)[3](https://app.finbar.com/go?id=P69805754)[26](https://careers.shakeshack.com/our-story)

The company began expanding internationally in 2011 with a location at Dubai’s Mall of the Emirates. In January 2015, it priced its initial public offering at $21 per share and began trading on the New York Stock Exchange as SHAK; the offering closed in February. [27](https://www.alshaya.com/en/media-centre/alshaya-news/shake-shack-now-open-at-mall-of-emirates/)[28](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Pricing-of-Initial-Public-Offering/default.aspx)[29](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Closing-of-its-Initial-Public-Offering/default.aspx)

In 2016, the Boston Seaport restaurant became Shake Shack’s 100th location worldwide. In 2024, Rob Lynch became CEO, succeeding Randy Garutti, who had announced his retirement the previous year. [30](https://app.finbar.com/go?id=P88854225)[31](https://investor.shakeshack.com/press-releases/press-release-details/2016/Shake-Shack-Announces-Third-Quarter-2016-Financial-Results/default.aspx)[32](https://investor.shakeshack.com/press-releases/press-release-details/2023/CEO-Randy-Garutti-to-Retire-from-Shake-Shack-in-2024/default.aspx)[33](https://investor.shakeshack.com/press-releases/press-release-details/2024/Shake-Shack-Names-Rob-Lynch-as-Chief-Executive-Officer/default.aspx)
[25](https://app.finbar.com/go?id=P190970862)[3](https://app.finbar.com/go?id=P69805754)[30](https://app.finbar.com/go?id=P88854225)[26](https://careers.shakeshack.com/our-story)[27](https://www.alshaya.com/en/media-centre/alshaya-news/shake-shack-now-open-at-mall-of-emirates/)[28](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Pricing-of-Initial-Public-Offering/default.aspx)[29](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Closing-of-its-Initial-Public-Offering/default.aspx)[31](https://investor.shakeshack.com/press-releases/press-release-details/2016/Shake-Shack-Announces-Third-Quarter-2016-Financial-Results/default.aspx)[32](https://investor.shakeshack.com/press-releases/press-release-details/2023/CEO-Randy-Garutti-to-Retire-from-Shake-Shack-in-2024/default.aspx)[33](https://investor.shakeshack.com/press-releases/press-release-details/2024/Shake-Shack-Names-Rob-Lynch-as-Chief-Executive-Officer/default.aspx)

## Sources

1. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94489029)
2. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49313149)
3. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P69805754)
4. [shakeshack.com](https://shakeshack.com/node)
5. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T940744)
6. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T9941127)
7. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P13189183)
8. [shakeshack.com](https://shakeshack.com/blog/our-food/introducing-the-shake-shack-good-fit-menu)
9. [shakeshack.com](https://shakeshack.com/blog/our-food/our-white-truffle-menu-has-arrived)
10. [shakeshack.com](https://shakeshack.com/blog/our-food/hollywoods-biggest-night-promotion)
11. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81182846)
12. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P122437740)
13. [shakeshack.com](https://shakeshack.com/app)
14. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12665624)
15. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9482760)
16. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82300013)
17. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P67861149)
18. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T7321776)
19. [Shake Shack Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146268149)
20. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77704359)
21. [Shake Shack Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146268106)
22. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P2030904)
23. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1838855)
24. [Shake Shack Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P8039295)
25. [Shake Shack Inc. — Full financial report (2015 Y)](https://app.finbar.com/go?id=P190970862)
26. [careers.shakeshack.com](https://careers.shakeshack.com/our-story)
27. [www.alshaya.com](https://www.alshaya.com/en/media-centre/alshaya-news/shake-shack-now-open-at-mall-of-emirates/)
28. [investor.shakeshack.com](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Pricing-of-Initial-Public-Offering/default.aspx)
29. [investor.shakeshack.com](https://investor.shakeshack.com/press-releases/press-release-details/2015/Shake-Shack-Announces-Closing-of-its-Initial-Public-Offering/default.aspx)
30. [Shake Shack Inc. — Transcript (2016 Q 2)](https://app.finbar.com/go?id=P88854225)
31. [investor.shakeshack.com](https://investor.shakeshack.com/press-releases/press-release-details/2016/Shake-Shack-Announces-Third-Quarter-2016-Financial-Results/default.aspx)
32. [investor.shakeshack.com](https://investor.shakeshack.com/press-releases/press-release-details/2023/CEO-Randy-Garutti-to-Retire-from-Shake-Shack-in-2024/default.aspx)
33. [investor.shakeshack.com](https://investor.shakeshack.com/press-releases/press-release-details/2024/Shake-Shack-Names-Rob-Lynch-as-Chief-Executive-Officer/default.aspx)

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