Shake Shack Announces First Quarter 2017 Financial Results
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Shake Shack (SHAK) Tops Q1 EPS by 2c, Guides
May 4, 2017 4:13 PM EDTShake Shack (NYSE: SHAK) reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $76.7 million versus the consensus estimate of $74.72 million.
Total revenue increased 41.7% to $76.7 million.Shack sales increased 42.2% to $74.2 million.Same-Shack sales decreased 2.5%.Operating income increased 19.4% to $5.6 million.Shack-level operating profit*, a non-GAAP measure, increased 26.9% to $18.7 million, or 25.2% of Shack sales.Adjusted EBITDA*, a non-GAAP measure, increased 28.9% to $12.2 million.Net income attributable to Shake Shack Inc. was $2.3 million, or $0.09 per diluted share.Adjusted pro forma net... More