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Mar 30, 2022
Shake Shack Q1 2022 Earnings Report
Shake Shack reported mixed results for Q1 2022, with revenue growth offset by an operating loss.
Key Takeaways
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.
Total revenue increased by 31.0% to $203.4 million.
System-wide sales grew by 35.6% to $309.5 million.
Same-Shack sales increased by 10.3%.
The company opened 7 new domestic company-operated shacks and 6 new licensed shacks.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Revenue by Segment
Shack Sales Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.