Shake Shack Inc. (NYSE:SHAK) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET

Company Participants

Annalee Leggett - Senior Manager, Investor Relations & FP&A

Randy Garutti - Chief Executive Officer

Katie Fogertey - Chief Financial Officer

Conference Call Participants

Michael Tamas - Oppenheimer

Nicole Miller - Piper Sandler

Jake Bartlett - Truist Securities

Brian Mullan - Deutsche Bank

Lauren Silverman - Credit Suisse

Drew North - Robert W. Baird

Andrew Charles - Cowen

Jared Hludzinski - JPMorgan

Operator

Greetings, and welcome to the Shake Shack First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Annalee Leggett, Senior Manager of Investor Relations and FP&A. Thank you. You may begin.

Annalee Leggett

Thank you, and good evening, everyone. Joining me for Shake Shack's conference call is our CEO, Randy Garutti; and CFO, Katie Fogertey.

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 in the final details section of our supplemental materials.

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 18th, 2022. 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 2022 shareholder letter, which can be found at investor.shakeshack.com in the quarterly results section or as an exhibit to our 8-K for the quarter. This shareholder letter is a new more in-depth format replacing our prior supplemental presentation.

I will now turn the call over to Randy.

Randy Garutti

Thanks Annalee. Good evening, everyone. You'll notice our remarks tonight are going to be a bit shorter than prior calls as the team has provided a new shareholder letter format, which dives a much deeper in the numbers, visuals, and strategic plan. We hope you'll spend some time with its excellent new report.