Shake Shack (SHAK) Tops Q2 EPS by 8c, Offers Guidance
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Shake Shack Announces Second Quarter 2023 Financial Results
August 3, 2023 7:02 AM EDTTotal revenue of $271.8 million, up 17.8% versus 2022, including $261.8 million of Shack sales and $10.0 million of Licensing revenue. System-wide sales of $426.3 million, up 21.2% versus 2022. Same-Shack sales up 3.0% versus 2022. Operating income of $4.7 million. Shack-level operating profit(1) of $54.9 million, or 21.0% of Shack sales. Net income of $7.2 million. Adjusted EBITDA(1) of $37.1 million. Net income attributable to Shake Shack Inc. of $6.9 million, or earnings of $0.16 per diluted share. Adjusted pro forma net... More
