earnings
confidence high
sentiment negative
materiality 0.70
Shake Shack Q2 revenue $230.8M (+23% YoY), net loss $1.3M; same-Shack sales +10.1%
Shake Shack Inc.
2022-Q2 EPS reported
-$0.29
revenue$434,143,000
- Total revenue $230.8M, up 23.1% YoY; Shack sales $223.1M, licensing $7.7M.
- Same-Shack sales +10.1% driven by 7.8% traffic growth; urban +19.4%, suburban +2.6%.
- Net loss $1.3M; Shack-level operating profit $42.0M (18.8% margin); Adjusted EBITDA $22.1M.
- Plans 5-7% price increase mid-Q4 to offset double-digit food & paper inflation.
- Opened 5 domestic (2 drive-thrus) and 8 licensed Shacks including first in Guangzhou, China.