Shake Shack (SHAK) Reports In-Line Q3 EPS, Sales Miss
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Shake Shack Announces Third Quarter 2021 Financial Results
November 4, 2021 4:05 PM EDTTotal Revenue grew 48.7% year-over-year to $193.9 million, and system-wide sales grew 53.1% to nearly $299 million. Third quarter Same-Shack Sales were up 24.8% versus 2020. Momentum versus 2019 continued into fiscal October with overall Same-Shack Sales down 1% and suburban Same-Shack Sales up 7%. All regions outside of NYC surpassed 2019 levels. Retained nearly 80% of digital sales in fiscal September from high in fiscal January 2021. Acquired 14% more first time purchasers through Company-owned digital channels versus the prior quarter.
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE:... More
