Shake Shack Q3 revenue $276.2M (+21.2% YoY); raises FY Adj. EBITDA guidance to $125M-$130M

Shake Shack Inc.

2023-Q3 EPS reported $0.31 revenue$801,290,000

Revenue $276.2M (+21.2% YoY); SSS +2.3% in Q3; October reaccelerated to +3.5% SSS.
Net income $8.1M vs. loss $2.3M YoY; diluted EPS $0.19; adj. pro forma EPS $0.17.
Shack-level operating profit margin 20.4% (400 bps YoY); Adjusted EBITDA $35.8M (+80.7% YoY).
Opened 25 new Shacks in Q3 (10 company-operated, 15 licensed); system-wide units reached 495.
FY2023 guidance: Adj. EBITDA $125M-$130M (~70-80% growth); revenue growth ~20%.

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