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Mar 29, 2023
Shake Shack Q1 2023 Earnings Report
Shake Shack's financial performance in Q1 2023 was marked by revenue growth and strategic expansion.
Key Takeaways
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.
Total revenue increased by 24.5% to $253.3 million compared to 2022.
System-wide sales grew by 27.5% versus 2022.
Same-Shack sales increased by 10.3% compared to the previous year.
Six new domestic Company-operated Shacks and seven new licensed Shacks were opened.
Revenue by Segment
Forward Guidance
No specific forward guidance provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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