Shake Shack Q1 rev $290.5M (+14.7%); Adj EBITDA $35.9M (+30.2%); CEO transition to Rob Lynch May 20

Shake Shack Inc.

2024-Q1 EPS reported $0.05 revenue$290,504,000

Total revenue $290.5M, up 14.7% YoY; system-wide sales $443.3M, up 12.3%.
Same-Shack sales +1.6% YoY, with April SSS accelerating to +4.9%.
Net income $2.2M vs loss $1.6M last year; Adj EBITDA $35.9M, up 30.2%.
Restaurant-level profit margin 19.5%, +120 bps YoY; FY2024 rev guidance $1.22B-$1.25B.
CEO Randy Garutti to transition to advisor; Rob Lynch appointed CEO effective May 20, 2024.

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 first quarter ended March 27, 2024 results: revenue $290.5 million, net income $2.2 million, EPS $0.05 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 27, 2024
Revenue: $290.5 million
Net income: $2.2 million
EPS: $0.05 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Shake Shack Announces First Quarter 2024 Financial Results ▪ Total revenue of $290.5 million, up 14.7% versus 2023, including $280.6 million of Shack sales and $9.9 million of Licensing revenue. ▪ System-wide sales of $443.3 million, up 12.3% versus 2023. ▪ Same-Shack

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Source: SEC EDGAR

accession 0001620533-24-000036

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