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Sep 27, 2023
Shake Shack Q3 2023 Earnings Report
Shake Shack's Q3 2023 performance was marked by revenue growth and improved profitability.
Key Takeaways
Shake Shack reported a strong third quarter with a 21.2% increase in total revenue to $276.2 million. The company also saw a rise in system-wide sales and same-shack sales, alongside a significant improvement in operating and net income compared to the previous year.
Total revenue increased by 21.2% to $276.2 million.
System-wide sales rose by 24.3% to $438.9 million.
Same-Shack sales increased by 2.3%.
Operating income reached $5.7 million, a significant turnaround from the $4.8 million loss in the previous year.
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 release.