Loading...
•
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.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Revenue by Segment
Shack Sales Revenue
CapyFin.com 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