Shake Shack Inc (NYSE: SHAK) is a fast-casual restaurant company that operates and licenses Shake Shack branded locations serving burgers, chicken, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, and wine. Revenue is generated primarily through company-operated Shack sales, with a secondary stream from licensing fees paid by domestic and international licensees. The filing excerpts from the 10-K filed 2026-02-26 do not provide sufficient numerical detail to specify total system-wide unit counts, revenue figures, or segment breakdowns with precision, so those specifics are omitted here. Shake Shack competes in the fast-casual and better-burger segment against other premium quick-service and fast-casual restaurant brands. The company was founded and operates with both company-owned locations and a licensed model for certain domestic and international markets. Class A and Class B common stock are outstanding as of February 18, 2026, reflecting a dual-class share structure.

Revenue model

Company-operated restaurant sales (transactional, per-visit) and licensing fees from domestic and international licensee-operated Shacks.

Products and services

Burgers, chicken sandwiches, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, and wine served at Shake Shack branded locations.

Customers and end markets

Direct consumers at company-operated locations; domestic and international licensee operators who pay fees to use the Shake Shack brand and system.

Value-chain role

Restaurant operator and brand licensor in the fast-casual dining segment.

Geographic exposure

Domestic United States company-operated and licensed locations, plus international licensed locations. Specific country or revenue mix not supported by the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-26

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