🔹 Adj EPS: $0.26 (Est. $0.16) 🟢
🔹 Revenue: $328.7M (Est. $325.3M) 🟢; UP +14.8% YoY
🔹 Adjusted EBITDA: $46.7M (Est. $45.31M) 🟢
🔹 Same-Shack Sales Growth: +4.3% (Est. +4.25%) 🟡
Segment Performance:
Shack Sales:
🔹 Revenue: $316.6M (Est. $315.84M) 🟢; UP +15.2% YoY
🔹 Restaurant-Level Profit: $71.9M; 22.7% margin
Licensing Revenue:
🔹 Revenue: $12.1M (Est. $11.96M) 🟢; UP +13.0% YoY
Key Financial Metrics (Q4):
🔹 Operating Income: $10.2M
🔹 Net Income: $9.3M (Est. $10.59M) 🔴
🔹 Net Income Margin: 2.8% (Est. 2.85%) 🟡
🔹 Adjusted Pro Forma Net Income: $11.6M
🔹 Free Cash Flow: -$11.64M (Est. -$11.64M) 🟡
Operational Highlights:
🔹 System-Wide Sales: $500.7M (UP +13.3% YoY)
🔹 New Locations: 19 Company-Operated Shacks opened; 9 New Licensed Shacks opened
🔹 Total Stores: ~455 by end of Q4
Strategic & Shareholder Updates:
🔸 Focus on expanding both company-operated and licensed Shacks globally
🔸 Continued investment in digital channels and drive-thru expansion
🔸 Ongoing commitment to improving restaurant-level margins and efficiency
Management Commentary:
🔸 CEO Robert Lynch: "We delivered strong growth and profitability in Q4, exceeding expectations in both revenue and EPS. Our strategic focus on new store openings and digital sales is paying off, and we are well-positioned for continued success in 2025."