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Jun 24, 2020
Shake Shack Q2 2020 Earnings Report
Announced second quarter 2020 financial results, showing sequential improvement in average weekly sales and strong digital channel performance.
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.
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the substantial uncertainty and subsequent material economic impact caused by the COVID-19 pandemic, the Company has withdrawn its guidance for the fiscal year ending December 30, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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