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Dec 27, 2023

Shake Shack Q4 2023 Earnings Report

Announced fourth quarter and fiscal year 2023 financial results.

Key Takeaways

Shake Shack reported a 20.0% increase in total revenue for the fourth quarter of 2023, reaching $286.2 million. System-wide sales increased by 21.4% to $442.1 million, and same-shack sales were up by 2.8%. The company reported a net income of $6.8 million, or $0.15 per diluted share.

Total revenue increased by 20.0% to $286.2 million.

System-wide sales grew by 21.4% to $442.1 million.

Same-Shack sales increased by 2.8%.

Net income was reported at $6.8 million, or $0.15 per diluted share.

Total Revenue
$286M
Previous year: $239M
+20.0%
EPS
$0.02
Previous year: -$0.06
-133.3%
Same-Shack Sales
2.8%
Previous year: 5.1%
-45.1%
Shack-Level Operating Profit
$19.8
Previous year: $43.2M
-100.0%
Gross Profit
$22.1M
Previous year: $104M
-78.8%
Cash and Equivalents
$293M
Previous year: $231M
+27.2%
Free Cash Flow
$66.6M
Previous year: -$25.4M
-362.8%
Total Assets
$1.61B
Previous year: $1.49B
+7.4%

Shake Shack

Shake Shack

Shake Shack Revenue by Segment

Forward Guidance

No forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income