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Shake Shack SHAK Business Segments

FY'25FY'24FY'23FY'22
TOTAL REVENUE by Product
Sales-based royalties$51.53M+18.5%$43.49M+9.1%$39.85M+31.9%$30.2M+25.1%
Shack sales$1.39B+15.2%$1.21B+15.4%$1.05B+20.4%$869.27M+21.6%
TOTAL REVENUE by Geography
Other countries$38.21M+14.9%$33.25M+8.0%$30.78M+21.0%$25.44M+16.9%
United States$1.41B+15.4%$1.22B+15.4%$1.06B+20.8%$875.05M+21.9%

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Questions, answered.

How does Shake Shack break its business down?
Shake Shack (SHAK) reports total revenue by product across 3 parts — Initial territory, opening, and termination fees, Sales-based royalties and Shack sales. Each is extracted from the segment footnotes and tracked over time.
Where does Shake Shack's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Shake Shack's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.