Shake Shack Inc

SHAK

Equity

ISIN US8190471016 / Valor 26540267

New York Stock Exchange, Inc (2024-11-21)

USD 122.45+2.67%

Shake Shack Inc
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About company

Shake Shack Inc is a fast-casual restaurant chain that specializes in burgers, hot dogs, fries, and milkshakes. The company operates over 300 locations worldwide and is known for its high-quality ingredients and modern aesthetic.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Total Revenue

Shake Shack Inc. reported total revenue of $316.5 million for the second quarter of 2024, marking a 16.4% increase compared to the same period in 2023. This includes $305.5 million from Shack sales and $11.0 million from licensing revenue.

System-wide Sales

For the second quarter of 2024, Shake Shack Inc. achieved system-wide sales of $483.7 million, which represents a 13.5% increase compared to the second quarter of 2023. This growth reflects the company's expanding footprint and increased consumer demand.

Operating Income

Shake Shack Inc. reported an operating income of $10.8 million for the second quarter of 2024, a significant improvement from the $4.7 million reported in the same quarter of the previous year. This increase is attributed to higher sales and improved operational efficiencies.

Net Income

In the second quarter of 2024, Shake Shack Inc. posted a net income of $10.4 million, up from $7.2 million in the second quarter of 2023. This translates to earnings of $0.23 per diluted share, reflecting the company's strong financial performance.

New Openings

During the second quarter of 2024, Shake Shack Inc. opened twelve new company-operated Shacks, including three drive-thrus, and eleven new licensed Shacks. These new openings are part of the company's strategy to expand its presence and reach more customers.

Summarized from source with an LLMView Source

Key figures

100%1Y

49.5%3Y

106%5Y

Performance

47.1%1Y

49.6%3Y

55.2%5Y

Volatility