Shake Shack 2016 Annual Report Download - page 50

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Table of Contents
(dollar amounts in thousands) 2015
2014 (1)
2013
Selected operating data:
System-wide sales (2) $ 295,257
$ 217,442
$ 139,903
Same-Shack sales growth (3) 13.3%
4.1%
5.9%
Shacks in the comparable base 21
13
8
Average weekly sales (4) :
Domestic company-operated $ 96
$ 89
$ 96
Average unit volumes (5) :
Domestic company-operated $ 4,976
$ 4,611
$ 5,017
International licensed $ 3,413
$ 4,588
$ 6,077
Shack-level operating profit (6) $ 52,874
$ 26,861
$ 20,419
Shack-level operating profit margin (6) 28.9%
24.0%
26.0%
Adjusted EBITDA (7) $ 41,118
$ 18,886
$ 14,459
Adjusted EBITDA margin (7) 21.6%
15.9%
17.5%
Shack counts (at end of period):
System-wide 84
63
40
Domestic company-operated 44
31
21
Domestic licensed 5
5
4
International licensed 35
27
15
(1) We operate on a 52/53 week fiscal year that ends on the last Wednesday of the calendar year. Fiscal year 2014 was a 53-week year with the extra operating week (the
"53rd week") falling in our fiscal fourth quarter. Fiscal 2015 and 2013 each contained 52 weeks.
(2) System-wide sales consists of sales from our domestic company-operated Shacks, our domestic licensed Shacks and our international licensed Shacks. We do not recognize
the sales from our licensed Shacks as revenue. Our total revenue is limited to Shack sales from domestic company-operated Shacks and licensing revenue based on a
percentage of sales from domestic and international licensed Shacks.
(3) Same-Shack sales growth reflects the change in year-over-year Shack sales for domestic company-operated Shacks open for 24 months or longer. Same-Shack sales growth
for fiscal 2014 excludes sales from the 53rd week.
(4) Average weekly sales is calculated by dividing total Shack sales by the number of operating weeks for all Shacks in operation during the period. For Shacks that are not
open for the entire period, we make fractional adjustments to the number of operating weeks used in the denominator such that it corresponds to the period of associated
sales.
(5) Average unit volumes ("AUVs") are calculated by dividing total sales by the number of Shacks open during the period. For Shacks that are not open for the entire period,
fractional adjustments are made to the number of Shacks used in the denominator such that it corresponds to the period of associated sales.
(6) See "Non-GAAP Measures—Shack-Level Operating Profit" on page 47 for additional information and a reconciliation to the most directly comparable GAAP financial
measure.
(7) See "Non-GAAP Measures—EBITDA and Adjusted EBITDA" on page 48 for additional information and a reconciliation to the most directly comparable GAAP financial
measure.
Shake Shack Inc. Form 10-K | 48