SunTrust Upgrades Shake Shack (SHAK) to Buy
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Shake Shack Announces Second Quarter 2016 Financial Results
August 10, 2016 4:05 PM EDT- Second Quarter Total Revenue Grew 37.2% -
- Same-Shack Sales Increased 4.5% -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported financial results for the second quarter ended June 29, 2016, a period that included 13 weeks.
Financial Highlights for the Second Quarter 2016:
Total revenue increased 37.2% to $66.5 million. Shack sales increased 38.3% to $64.4 million. Same-Shack sales increased 4.5%. Shack-level operating profit*, a non-GAAP measure, increased 40.6% to $19.9 million, or 30.8% of Shack sales.... More