Shake Shack Earnings Reports

Shake Shack delivered a strong fourth quarter with revenue reaching $328.7 million, a 14.8% increase year-over-year. System-wide sales grew 13.3%, and same-store sales improved by 4.3%. The company achieved net income of $9.3 million and an adjusted EPS of $0.26, reflecting operational efficiency and expansion efforts.

Shake Shack reported a total revenue of $316.9 million, a 14.7% increase compared to 2023. System-wide sales increased by 12.8% to $495.1 million, while same-shack sales rose by 4.4%. The company opened eight new company-operated shacks and nine new licensed shacks. However, the company experienced an operating loss of $18.0 million and a net loss of $11.1 million, impacted by a $29.1 million charge for impairments, loss on disposal of assets, and shack closures.

Shake Shack reported a 16.4% increase in total revenue to $316.5 million, driven by growth in Shack sales and licensing revenue. System-wide sales rose by 13.5%, and same-Shack sales increased by 4.0%. The company's operating income and net income also saw significant improvements compared to the previous year.

Shake Shack's Q1 2024 saw a 14.7% increase in total revenue to $290.5 million. System-wide sales grew by 12.3% to $443.3 million, and same-shack sales increased by 1.6%. The company achieved a net income of $2.2 million, a significant improvement from the previous year's net loss.

Shake Shack reported a 20.0% increase in total revenue for the fourth quarter of 2023, reaching $286.2 million. System-wide sales increased by 21.4% to $442.1 million, and same-shack sales were up by 2.8%. The company reported a net income of $6.8 million, or $0.15 per diluted share.

Shake Shack reported a strong third quarter with a 21.2% increase in total revenue to $276.2 million. The company also saw a rise in system-wide sales and same-shack sales, alongside a significant improvement in operating and net income compared to the previous year.

Shake Shack reported a strong second quarter with a total revenue of $271.8 million, up 17.8% compared to 2022. Same-Shack sales increased by 3.0%. The company opened 10 new domestic company-operated Shacks and 13 new licensed Shacks.

Shake Shack reported a 24.5% increase in total revenue, reaching $253.3 million, driven by Shack sales and Licensing revenue. System-wide sales increased by 27.5% and same-Shack sales grew by 10.3%. The company opened six new domestic Company-operated Shacks and seven new licensed Shacks.

Shake Shack's Q4 2022 total revenue increased by 17.4% to $238.5 million, driven by Shack sales and licensing revenue. System-wide sales also rose by 15.8%. However, the company reported an operating loss of $6.3 million and a net loss of $11.1 million, or a loss of $0.27 per share.

Shake Shack reported a 17.5% increase in total revenue to $227.8 million, driven by Shack sales and licensing revenue. System-wide sales rose by 18.3%, and same-Shack sales increased by 6.3%. The company opened 2 new domestic Company-operated Shacks and 6 new licensed Shacks.

Shake Shack reported a total revenue of $230.8 million, a 23.1% increase compared to 2021. System-wide sales also grew by 24.8% to $351.7 million. However, the company experienced an operating loss of $0.8 million and a net loss of $1.3 million.

Shake Shack's Q1 2022 saw a 31.0% increase in total revenue to $203.4 million compared to 2021. System-wide sales increased by 35.6% to $309.5 million, and same-shack sales were up 10.3%. However, the company experienced an operating loss of $14.9 million and a net loss of $11.3 million.

Shake Shack's Q4 2021 financial results showed a strong sales comeback with a 29.0% increase in total revenue to $203.3 million and system-wide sales growth. Same-Shack sales were up 20.8% versus 2020 and 2.2% versus 2019. The company opened 19 net system-wide Shacks.

Shake Shack reported a strong third quarter with total revenue increasing by 48.7% year-over-year to $193.9 million and system-wide sales growing by 53.1% to $298.6 million. Same-Shack Sales were up 24.8% versus 2020. The company saw benefits from urban Shacks as guests returned to offices, events, commuting and tourism-based locations, while suburban Shacks continued to recover above 2019 levels.

Shake Shack Inc. reported a significant increase in total revenue, driven by substantial in-shack sales growth and improved same-shack sales compared to the same period last year. The company's strategic plan focuses on evolving shack formats through physical and digital transformation to enhance the guest experience.

Shake Shack reported an 8.5% increase in total revenue to $155.3 million for the first quarter of 2021. Same-Shack sales improved by 5.7%. The company opened 10 domestic company-operated shacks and 2 licensed shacks during the quarter. However, the operating loss was $10.0 million, compared to a $0.8 million loss in the same period last year.

Shake Shack Inc. reported financial results for the fourth quarter and the fiscal year ended December 30, 2020. Revenue in the fourth quarter was $157.5 million, with same-Shack sales improving to down 17.4% compared to down 31.7% in the third quarter 2020.

Shake Shack Inc. reported a 17.3% decrease in total revenue to $130.4 million for the third quarter of 2020, but showed sequential improvement compared to the prior quarter. Same-Shack sales improved sequentially, and Shack-level operating profit margin improved to 14.8%. The company opened six system-wide Shacks and had $191.8 million in cash and marketable securities on hand.

Shake Shack's total revenue decreased by 39.9% to $91.8 million compared to the second quarter of 2019. The company experienced a net loss of $18.0 million, and same-Shack sales decreased by 49.0%. Digital sales represented 75% of total Shack sales, doubling compared to the first quarter of 2020.

Shake Shack's first quarter results were impacted by the COVID-19 pandemic, with total revenue increasing by 8.0% to $143.2 million, but same-shack sales decreasing by 12.8%. The company has taken measures to enhance its liquidity position including drawing down $50.0 million from its revolving credit facility and completing an underwritten offering of Class A common stock.

Shake Shack's fourth quarter 2019 total revenue increased by 21.9% to $151.4 million. Shack sales increased by 20.8% to $145.8 million, while licensed revenue increased by 58.6% to $5.6 million. However, same-shack sales decreased by 3.6%. The company opened 12 domestic company-operated Shacks and 8 international licensed Shacks during the quarter.