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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.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Revenue by Segment
Shack Sales Revenue
CapyFin.com Forward Guidance
No specific forward guidance provided in the release.