Shake Shack Q2 revenue $316.5M (+16.4% YoY), SSS +4.0%, adj. EBITDA $47.2M

Shake Shack Inc.

2024-Q2 EPS reported $0.28 revenue$607,000,000

Net income $10.4M ($0.23 diluted EPS); adjusted pro forma net income $12.1M ($0.27 per diluted share).
Restaurant-level profit margin 22.0% (+100bps YoY), highest since 2019.
System-wide sales $483.7M (+13.5% YoY); opened 12 company-operated and 11 licensed Shacks.
FY2024 guidance reaffirmed: total revenue growth 14-15%, adj. EBITDA growth >25%, positive free cash flow first since 2017.
COGS improved 120bps to 27.8% of Shack sales; labor margin improved 50bps YoY.

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