Shake Shack Q1 revenue up 31% to $203.4M; net loss $11.3M; same-Shack sales +10.3%

Shake Shack Inc.

2022-Q1 EPS reported -$0.26 revenue$203,391,000

Total revenue $203.4M (+31% YoY), Shack sales $196.8M, licensing revenue $6.6M (+43%).
Operating loss $14.9M; net loss $11.3M; adjusted EBITDA $9.6M (+34.1%).
Same-Shack sales +10.3% (urban +19%, suburban +4%); March AWS $74K, April $76K.
Opened 7 domestic company-operated Shacks (2 drive-thrus) and 6 licensed Shacks in Q1.
Raised menu prices ~3.5% in March; expects 40-45 domestic and 23-27 licensed openings in FY2022.

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