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Shake Shack (SHAK) PT Lowered to $85 at Stifel

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Shake Shack Announces First Quarter 2021 Financial Results

May 6, 2021 4:05 PM EDT

Total Revenue Increased 8.5%, to $155.3 million, Compared to First Quarter 2020
Same-Shack Sales Up 5.7% Compared to Same Period Last Year; Fiscal April Up 86%
Average Weekly Sales Show Significant Improvement, Exiting First Quarter 2021 at $68,000 in Fiscal March
Digital Channels Maintain 90% Sales Retention In Fiscal April Versus Fiscal January as in-Shack Sales Grow Incrementally; Company Owned App & Web Sales Grew ~230% YoY in First Quarter 2021

NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK) today reported its financial results for the first quarter ended March 31, 2021, a period that... More