Shake Shack (SHAK) Q4 Revs 'Strong', But Remain on the Sidelines - Jefferies
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Shake Shack Announces Fourth Quarter and Fiscal Year 2014 Financial Results
March 11, 2015 4:01 PM EDTNEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported financial results for the fourth quarter and fiscal year ended December 31, 2014, periods that included 14 and 53 weeks, respectively, as fiscal year 2014 contained an extra operating week.
Financial Highlights for the Fourth Quarter 2014:
Total revenue increased 51.5% to $34.8 million. Shack sales increased 51.6% to $33.1 million. Same-Shack sales increased 7.2%, excluding sales from the 14th week. Shack-level operating profit*, a non-GAAP measure, increased 49.2% to $7.4 million.... More