•
Dec 29, 2021

Shake Shack Q4 2021 Earnings Report

Shake Shack reported strong sales comeback with record full year system-wide sales results and same-shack sales up versus 2019.

Key Takeaways

Shake Shack's Q4 2021 financial results showed a strong sales comeback with a 29.0% increase in total revenue to $203.3 million and system-wide sales growth. Same-Shack sales were up 20.8% versus 2020 and 2.2% versus 2019. The company opened 19 net system-wide Shacks.

Total revenue increased 29.0% to $203.3 million.

System-wide sales increased 31.9% to $314.3 million.

Same-Shack sales rose 20.8% vs 2020 and 2.2% vs 2019.

The Company opened 19 net system-wide Shacks.

Total Revenue
$203M
Previous year: $158M
+29.0%
EPS
-$0.11
Previous year: -$0.03
+266.7%
Same-Shack Sales
20.8%
Previous year: -17.4%
-219.5%
Shack-Level Operating Profit
$32.2M
Previous year: $24.4M
+32.0%
Gross Profit
$86M
Previous year: $65.5M
+31.4%
Cash and Equivalents
$302M
Previous year: $147M
+105.9%
Free Cash Flow
-$18M
Previous year: -$13.2M
+36.4%
Total Assets
$1.46B
Previous year: $1.15B
+27.3%

Shake Shack

Shake Shack

Shake Shack Revenue by Segment

Forward Guidance

The Company is providing revenue and sales guidance for the fiscal first quarter of 2022. 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 28, 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income