$SHAK (+1.11%) | Shake Shack Q3'24 Earnings Highlights:

🔹 EPS: $0.25 (Est. $0.19) 🟢

🔹 Revenue: $316.9M (Est. $315.76M) 🟢; UP +14.7% YoY

🔹 Shack Sales: $304.9M

🔹 Licensing Revenue: $12.0M

System-wide Performance:

🔹 System-wide Sales: $495.1M; UP +12.8% YoY

🔹 Same-Shack Sales: UP +4.4% YoY

Profitability Metrics:

🔹 Operating Loss: -$18.0M vs. Operating Income of $5.7M YoY; Includes $29.1M in impairments, asset disposal losses, and Shack closures.

🔹 Restaurant-level Profit: $64.2M (21.0% of Shack Sales)

🔹 Adjusted EBITDA: $45.8M; UP +28.0% YoY

🔹 Adjusted Pro Forma Net Income: $11.2M or EPS of $0.25

New Openings:

🔹 8 new Company-operated Shacks (3 with drive-thrus)

🔹 9 new licensed Shacks