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Sep 25, 2024
Shake Shack Q3 2024 Earnings Report
Reported a revenue increase of 14.7% and system-wide sales up by 12.8%.
Key Takeaways
Shake Shack reported a total revenue of $316.9 million, a 14.7% increase compared to 2023. System-wide sales increased by 12.8% to $495.1 million, while same-shack sales rose by 4.4%. The company opened eight new company-operated shacks and nine new licensed shacks. However, the company experienced an operating loss of $18.0 million and a net loss of $11.1 million, impacted by a $29.1 million charge for impairments, loss on disposal of assets, and shack closures.
Total revenue increased by 14.7% to $316.9 million.
System-wide sales increased by 12.8% to $495.1 million.
Same-Shack sales increased by 4.4%.
Opened eight new Company-operated Shacks and nine new licensed Shacks.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the earnings report.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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