CLAIM #409 · Shake Shack Inc (SHAK) · 2023Q1 earnings call · May 4, 2023 · due Dec 31, 2023

“With our expectations here to generate, about 19% to 20% Shack-level operating profit for the overall company and the recovery that we have seen in, the class of 2020 Shacks and the rest of our overall base, kind of with the targets to hit, $110 million to $125 million in adjusted EBIDA this year on the bill cost for the class of 2020, we expect that to exceed our long-term guidance range of at least 30%.”

Katie Fogertey · CFO