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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
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income