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Dec 30, 2020
Shake Shack Q4 2020 Earnings Report
Shake Shack reported a revenue increase of 4.0% to $157.5 million compared to the same period last year, with same-Shack sales improving to down 17.4%.
Key Takeaways
Shake Shack Inc. reported financial results for the fourth quarter and the fiscal year ended December 30, 2020. Revenue in the fourth quarter was $157.5 million, with same-Shack sales improving to down 17.4% compared to down 31.7% in the third quarter 2020.
Total revenue in the fourth quarter 2020 increased 4.0% to $157.5 million versus the same period last year.
Shack sales in the fourth quarter 2020 increased 4.6% to $152.5 million versus the same period last year.
Same-Shack sales were down 17.4% in the fourth quarter 2020 versus the same period last year, compared to down 31.7% in the third quarter 2020.
Licensed revenue in the fourth quarter 2020 decreased 10.6% to $5.0 million versus the same period last year.
Revenue by Segment
Forward Guidance
Given the substantial uncertainty and resulting material economic impact caused by the COVID-19 pandemic, the Company is not providing full guidance for the fiscal year ending December 29, 2021.
Positive Outlook
- Domestic Company-operated Shack openings: 35 to 40
- Licensed Shack openings: 15 to 20
Historical Earnings Impact
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Avg. Return Before/After Earnings
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