Melissa Calandrusio
Head, Investor Relations
Replay available
Shake Shack, Inc. (NYSE: SHAK) Q1 2025 earnings conference call, held 2025-05-01. Replay captured from the company's public earnings webcast.

Head, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, Raymond James
Analyst, Goldman Sachs
Analyst, Oppenheimer & Company
Analyst, William Blair
Analyst, TD Cowan (for Andrew Charles)
Analyst, Piper Sandler
Analyst, Truist Securities
Analyst, North Coast Research
Analyst, Baird
Analyst, Barclays
Analyst, Gordon Haskett
Analyst, Stifel
Analyst, Bank of America (for Sarah Senator)
Analyst, Capital One Securities
Analyst, JP Morgan
Good morning. Welcome to Shake Shack's first quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Melissa Calandrusio from Investor Relations. Thank you. You may begin. Thank you, Operator, and good morning, everyone. Joining me for Shake Shack's conference call is our CEO, Rob Lynch, and CFO, Katie Fogarty. During today's call, we will discuss non-GAAP financial measures, which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are available in our earnings release and the financial details section of our shareholder letter. Some of today's statements may be forward-looking, and actual results may differ materially due to a number of risks and uncertainties, including those discussed in our annual report on Form 10-K, filed on February 21, 2025. Any forward-looking statements represent our views only as of today, and we assume no obligation to update any forward-looking statements if our views change. By now, you should have access to our first quarter 2025 shareholder letter, which can be found on investors.shakeshack.com in the quarterly results section or as an exhibit to our 8K for the quarter. I will now turn the call over to Rob. Thanks, Melissa, and good morning, everyone. 2025 is positioned to be a year of transformation for Shake Shack. we are making significant progress against our str...