May 2, 2019
Shake Shack Announces First Quarter 2019 Financial Results
- Total Revenue Grew 33.8% to $132.6 Million - - Same-Shack Sales Increased 3.6% - - System-wide Year-Over-Year Unit Growth of 30% - Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the first quarter ended March 27, 2019, a period that included 13 weeks. Financial Highlights for the First Quarter 2019 compared to the First Quarter 2018: Total revenue increased 33.8% to $132.6 million. Shack sales increased 33.8% to $128.6 million. Same-Shack sales increased 3.6%. Shack system-wide sales increased 33.5% to $195.2 million. Operating income was $5.2 million, or 3.9% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.5 million, resulting in a decrease of 20.8%. Shack-level operating profit*, a non-GAAP measure, increased 12.5% to $27.0 million, or 21.0% of Shack sales. Net income was $3.6 million and adjusted EBITDA*, a non-GAAP measure, increased 10.4% to...
April 16, 2019
Shake Shack to Announce First Quarter 2019 Financial Results on May 2, 2019
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK), today announced that it will report its first quarter 2019 financial results after the close of the financial markets on Thursday, May 2, 2019. The announcement will be followed by a conference call at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (800) 239-9838 or for international callers by dialing (323) 794-2551. A replay will be available after the call and can be accessed by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 7725739. The replay will be available until May 9, 2019. The conference call will also be webcast live from the Company's Investor Relations website at http://investor.shakeshack.com on the Events & Presentations page. 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...
March 4, 2019
Shake Shack to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK), today announced that the Company will be hosting a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum at the Encore at Wynn Las Vegas on Thursday, March 14, 2019. The fireside chat will begin at 10:30 a.m. Eastern Time. The fireside chat will also be webcast live from the Company's Investor Relations website at http://investor.shakeshack.com. About Shake Shack Shake Shack is a modern day “roadside” burger stand known for its 100% all-natural Angus beef burgers, chicken sandwiches and flat-top Vienna beef dogs (no hormones or antibiotics - ever), spun-fresh frozen custard, crinkle cut fries, craft beer and wine and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community gathering place with widespread appeal. Shake Shack’s mission is to Stand for Something Good®, from its premium ingredients and caring hiring practices to its...