Shake Shack Q2 2020 Earnings Report
Key Takeaways
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.
Total revenue decreased 39.9% to $91.8 million.
Same-Shack sales decreased 49.0%.
Digital sales accounted for 75% of total Shack sales, doubling compared to Q1 2020.
Operating loss was $24.1 million, compared to an operating income of $11.9 million in the prior year.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Forward Guidance
Given the substantial uncertainty and subsequent material economic impact caused by the COVID-19 pandemic, the Company has withdrawn its guidance for the fiscal year ending December 30, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income