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Mar 27, 2024
Shake Shack Q1 2024 Earnings Report
Shake Shack reported positive Q1 2024 results, marked by revenue growth and improved profitability.
Key Takeaways
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.
Total revenue increased by 14.7% to $290.5 million.
System-wide sales grew by 12.3% to $443.3 million.
Same-shack sales increased by 1.6%, with trends improving throughout the quarter.
Net income reached $2.2 million, compared to a net loss in the previous year.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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