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Jun 28, 2023
Shake Shack Q2 2023 Earnings Report
Reported a revenue increase of 17.8% and same-shack sales growth of 3.0%.
Key Takeaways
Shake Shack reported a strong second quarter with a total revenue of $271.8 million, up 17.8% compared to 2022. Same-Shack sales increased by 3.0%. The company opened 10 new domestic company-operated Shacks and 13 new licensed Shacks.
Total revenue reached $271.8 million, marking a 17.8% increase year-over-year.
System-wide sales grew to $426.3 million, a 21.2% increase compared to the previous year.
Same-Shack sales increased by 3.0% versus 2022.
Operating income was reported at $4.7 million.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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