Shake Shack (SHAK) Tops Q1 EPS by 7c
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Shake Shack Announces First Quarter 2023 Financial Results
May 4, 2023 7:00 AM EDTTotal revenue of $253.3 million, up 24.5% versus 2022, including $244.3 million of Shack sales and $9.0 million of Licensing revenue. System-wide sales of $394.7 million, up 27.5% versus 2022. Same-Shack sales up 10.3% versus 2022. Operating loss of $3.2 million. Shack-level operating profit(1) of $44.7 million, or 18.3% of Shack sales. Net loss of $1.6 million. Adjusted EBITDA(1) of $27.6 million. Net loss attributable to Shake Shack Inc. of $1.5 million, or a loss of $0.04 per share. Adjusted pro forma... More
