$SHAK (+1,11ย %) | Shake Shack Q3'24 Earnings Highlights:
๐น EPS: $0.25 (Est. $0.19) ๐ข
๐น Revenue: $316.9M (Est. $315.76M) ๐ข; UP +14.7% YoY
๐น Shack Sales: $304.9M
๐น Licensing Revenue: $12.0M
System-wide Performance:
๐น System-wide Sales: $495.1M; UP +12.8% YoY
๐น Same-Shack Sales: UP +4.4% YoY
Profitability Metrics:
๐น Operating Loss: -$18.0M vs. Operating Income of $5.7M YoY; Includes $29.1M in impairments, asset disposal losses, and Shack closures.
๐น Restaurant-level Profit: $64.2M (21.0% of Shack Sales)
๐น Adjusted EBITDA: $45.8M; UP +28.0% YoY
๐น Adjusted Pro Forma Net Income: $11.2M or EPS of $0.25
New Openings:
๐น 8 new Company-operated Shacks (3 with drive-thrus)
๐น 9 new licensed Shacks