Shake Shack Q4 revenue up 20% to $286M; FY23 Adj EBITDA $132M, guides FY24 to $160-170M

Shake Shack Inc.

2023-FY EPS reported $0.48 revenue$1,087,533,000

Q4 total revenue $286.2M (+20% YoY); FY revenue $1.09B (+20.8%).
Q4 net income $6.8M ($0.15 diluted EPS); FY net income $20.5M ($0.47 diluted EPS).
Q4 same-Shack sales +2.8% YoY; FY same-Shack sales +4.4% YoY.
FY24 guidance: revenue $1.21B-$1.25B (+11-15%), Adj EBITDA $160M-$170M (+21-29%), ~80 new Shacks.
Company to restate FY2021 and FY2022 for state tax depreciation; expects to file FY23 10-K on time.

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