November 9, 2016
Shake Shack Announces Third Quarter 2016 Financial Results
- Third Quarter Total Revenue Grew 40.0% -
- Same-Shack Sales Increased 2.9% - Shake Shack Inc. (“ Shake Shack” or the “Company”) (NYSE: SHAK), today reported its financial results for the third quarter ended September 28, 2016, a period that included 13 weeks. Financial Highlights for the Third Quarter 2016: Total revenue increased 40.0% to $74.6 million . Shack sales increased 40.2% to $71.9 million . Same-Shack sales increased 2.9%. Operating income increased 17.5% to $9.2 million . Shack-level operating profit*, a non-GAAP measure, increased 32.6% to $20.7 million , or 28.8% of Shack sales. Adjusted EBITDA*, a non-GAAP measure, increased 26.3% to $15.2 million . Net income attributable to Shake Shack Inc. was $3.8 million , or $0.15 per diluted share. Adjusted pro forma net income*, a non-GAAP measure, increased 25.1% to $5.5 million , or $0.15 per fully exchanged and diluted share. Ten system-wide Shack openings, including seven domestic company-operated Shacks and three...
November 2, 2016
Shake Shack Elects Josh Silverman to its Board of Directors
Shake Shack Inc. (“ Shake Shack” or the “Company”) (NYSE:SHAK) today announced that it has elected Josh Silverman to its Board of Directors, effective November 17, 2016 . An entrepreneurial executive with experience in media, marketplaces, communications and financial services, Mr. Silverman will become the eighth member of Shake Shack's Board of Directors and will also serve on its Audit Committee. “Josh brings to our Board a wealth of consumer, technology and leadership experience, and he is passionate about delivering shareholder value while embracing Enlightened Hospitality,” said Danny Meyer, Chairman. “We are so honored to have Josh join our Board of Directors.” “I admire the passion that people have for Shake Shack , and I love the food and the brand,” said Silverman. “I’m ready to leverage my experience in helping fast growing brands unlock their full potential, and I look forward to being a part of Shake Shack’s continued growth and exciting future.” Silverman, 47, was most...
October 24, 2016
Shake Shack to Announce Third Quarter 2016 Financial Results on November 9, 2016
Shake Shack Inc. (“ Shake Shack” or the “Company”) (NYSE:SHAK), today announced that it will report its third quarter 2016 financial results after the close of the financial markets on Wednesday, November 9, 2016 . The announcement will be followed by a conference call at 5:00 p.m. EST . The conference call can be accessed live over the phone by dialing (888) 359-3624 or for international callers by dialing (719) 325-2329. A replay will be available after the call and can be accessed by dialing (877) 870-5176 or for international callers by dialing (858) 384-5517; the passcode is 8088267. The replay will be available until November 16, 2016. The conference call will also be webcast live from the Company's Investor Relations website at http://investor.shakeshack.com . An archive of the webcast will be available at the same location on the website shortly after the call has concluded. About Shake Shack Shake Shack is a modern day “roadside” burger stand known for its 100% all-natural...