Jefferies Remains Sidelined on Shake Shack (SHAK) Following 1Q
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Shake Shack Announces First Quarter 2016 Financial Results
May 12, 2016 4:11 PM EDT- First Quarter Total Revenue Grew 43.3% -
- Same-Shack Sales Increased 9.9% -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported financial results for the first quarter ended March 30, 2016, a period that included 13 weeks.
Financial Highlights for the First Quarter 2016:
Total revenue increased 43.3% to $54.2 million. Shack sales increased 44.7% to $52.2 million. Same-Shack sales increased 9.9%. Shack-level operating profit*, a non-GAAP measure, increased 58.6% to $14.7 million, or 28.2% of Shack sales.... More