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Operating Expense Breakdown
Details major cost lines such as labor, occupancy, marketing, and corporate overhead to show where money is spent and how efficiently the chain runs. Investors use the breakdown to judge margin sustainability, the impact of wage and rent inflation, and whether management is investing for growth or cutting costs.Shake Shack's operating cost base is rising meaningfully as management accelerates openings and technology investment: G&A and depreciation have trended up steadily, preopening spikes confirm heavier unit development, and the large Q3 2024 impairment was a one‑off. Management now expects G&A near the high end of 12–13% of revenue with elevated preopening and depreciation guidance — a deliberate near‑term drag on EBITDA but intended to sustain unit‑level margin expansion and digital/loyalty scale. Monitor G&A as a percent of revenue and quarterly preopening cadence for stabilization signs.
Date | General and Administrative | Preopening Costs | Impairment | Depreciation |
|---|---|---|---|---|
Jun 30, 2026 | $48.32M | $6.64M | $425.00K | $30.72M |
Mar 31, 2026 | $53.61M | $6.87M | $867.00K | $29.12M |
Dec 31, 2025 | $50.54M | $5.20M | $1.80M | $26.43M |
Sep 30, 2025 | $44.38M | $4.63M | $510.00K | $27.08M |
Jun 30, 2025 | $40.67M | $4.96M | $881.00K | $26.55M |
Mar 31, 2025 | $40.64M | $3.22M | $2.06M | $26.54M |
Dec 31, 2024 | $41.10M | $5.12M | $1.71M | $25.81M |
Sep 30, 2024 | $35.69M | $3.66M | $29.09M | $25.72M |
Jun 30, 2024 | $36.31M | $4.01M | $1.04M | $25.50M |
Mar 31, 2024 | $35.94M | $2.75M | $526.00K | $25.44M |