Shake Shack Q1 revenue $253.3M (+24.5%); SSS +10.3%; adj. EBITDA $27.6M (+163.9%)

Shake Shack Inc.

2023-Q1 EPS reported -$0.04 revenue$253,278,000

Total revenue $253.3M (+24.5% YoY); system-wide sales $394.7M (+27.5%).
Same-Shack sales +10.3% driven by price +5.5% and traffic +4.8%.
Adjusted EBITDA $27.6M (+163.9% YoY); net loss $1.6M ($0.04 loss per share).
Shack-level operating profit margin 18.3%, up 310 bps YoY.
FY2023 guidance: revenue $1.06-1.11B, adj. EBITDA $110-125M, 70-75 new Shacks.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shake Shack Inc. reported the fiscal first quarter ended March 29, 2023 results: revenue Total revenue of $253.3 million, net income Net loss attributable to Shake Shack Inc. of $1.5 million, EPS a loss of $0.04 per share.

Period: the fiscal first quarter ended March 29, 2023
Revenue: Total revenue of $253.3 million
Net income: Net loss attributable to Shake Shack Inc. of $1.5 million
EPS: a loss of $0.04 per share
Result: reported results

Exact text from the filing

Shake Shack Announces First Quarter 2023 Financial Results ▪ Total revenue of $253.3 million, up 24.5% versus 2022, including $244.3 million of Shack sales and $9.0 million of Licensing revenue. ▪ System-wide sales of $394.7 million, up 27.5% versus 2022. ▪ Same-Shack sales up 10.3% versus 2022. ▪ Operating loss of $3.2 million. • Shack-level operating profit (1) of $44.7 million, or 18.3% of Shack sales. ▪ Net loss of $1.6 million. • Adjusted EBITDA (1) of $27.6 million. ▪ Net loss attributable to Shake Shack Inc. of $1.5 million, or a loss of $0.04 per share.

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Source: SEC EDGAR

accession 0001620533-23-000034

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