Shake Shack Posts Q4 Earnings Above Street View

by Shivani Kumaresan, Benzinga Staff Writer

February 16, 2023 11:22 AM | 1 min read | Make a Comment

Shake Shack Inc SHAK reported fourth-quarter FY22 sales growth of 17.4% year-on-year to $238.53 million, beating the consensus of $238.23 million.
System-wide sales grew 15.8%, and Same-Shack sales climbed 5.1%.
Loss from operations for the quarter was $(6.3) million versus a loss of $(6.5) million a year ago.
The company held $230.5 million in cash and equivalents as of Dec. 28, 2022. Cash provided by operating activities for the year totaled $76.7 million.
Adjusted EBITDA for the quarter was $19.3 million, with the margin expanding 200 basis points to 8.1%.
Adjusted pro forma EPS loss was $(0.06) for the quarter, beating the consensus of $(0.11).
Price Action: SHAK shares are trading lower by 1.31% at $57.92 on the last check Thursday.