Shake Shack Registers 23% Revenue Growth In Q2

Shake Shack Inc (NYSE:SHAK) reported second-quarter FY22 sales growth of 23.1% to $230.8 million, missing the consensus of $238.26 million. System-wide sales grew 24.8% to $351.7 million.
Total expenses rose 25.7% Y/Y to $231.6 million. Loss from operations for the quarter was $(0.8) million versus a profit of $3.3 million a year ago.
The company held $358 million in cash and equivalents as of June 29, 2022.
Adjusted EBITDA for the quarter was $22.1 million, with an adjusted EBITDA margin of 9.6%.
EPS loss was $(0.03) for the quarter. Adjusted pro forma EPS was $0.00 against the consensus of $(0.02).
Price Action: SHAK shares are trading lower by 7.22% at $50.50 on the last check Thursday.