−Removed: Our home office is located at 225 Varick Street, Suite 301, New York, NY 10014.
−Removed: We lease our home office, which is approximately 32,000 square feet and all of our Company-operated Shacks.
−Removed: We also lease an international office in Hong Kong.
−Removed: We do not own any real property, nor do we own or lease any property related to our licensed Shacks.
+Added: We have three Shack Support Centers, located in New York City, Hong Kong, and The Battery Atlanta, all of which are leased locations.
+Added: Our newest Shack Support Center, located in The Battery Atlanta, opened in fiscal 2025.
+Added: We do not own any real property and lease all of our Company-operated Shacks, and we do not own or lease any property related to our licensed Shacks.
The following table sets forth the number of Company-operated and licensed Shacks by geographic location as of December 31, 2025.
22 unchanged sentences
North Carolina 8 2 10
+Added: Oklahoma 1 — 1
Pennsylvania 17 3 20
5 unchanged sentences
Wisconsin 3 — 3
−Removed: DOMESTIC 329 44 373
−Removed: Bahamas — 1 1
Shake Shack Inc.
Form 10-K | 40
+Added: DOMESTIC 373 47 420
+Added: Bahamas — 1 1
Bahrain — 3 3
+Added: England — 17 17
Mainland China, Hong Kong and Macau — 51 51
8 unchanged sentences
Thailand — 5 5
+Added: Turkey — 12 12
United Arab Emirates — 15 15
−Removed: United Kingdom — 16 16
INTERNATIONAL — 239 239
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.