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Jun 29, 2022
Shake Shack Q2 2022 Earnings Report
Shake Shack's financial performance increased in the second quarter of 2022, with revenue and system-wide sales showing substantial growth compared to the previous year.
Key Takeaways
Shake Shack reported a total revenue of $230.8 million, a 23.1% increase compared to 2021. System-wide sales also grew by 24.8% to $351.7 million. However, the company experienced an operating loss of $0.8 million and a net loss of $1.3 million.
Total revenue reached $230.8 million, up 23.1% from 2021.
System-wide sales increased by 24.8% to $351.7 million compared to 2021.
Same-Shack sales grew by 10.1% versus 2021.
The company opened five new domestic Company-operated Shacks, including two with drive-thru locations, and eight new Licensed Shacks, including its first in Guangzhou, China.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Revenue by Segment
Shack Sales Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.