SHAK Q1 2023 Earnings — Shake Shack Inc. Revenue & Financial Results | Market Cap Arena

SHAKShake Shack Inc.

$4B

Q1 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$253M+24.5% YoY

Gross Profit

$107M42.3% margin

Operating Income

-$3M-1.3% margin

Net Income

-$2M-0.6% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

-$15M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.1B

Stockholders' Equity

$395M

Cash & Equivalents

$293M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$253M	$203M	+24.5%
Gross Profit	$107M	$83M	+29.1%
Operating Income	-$3M	-$15M	+78.6%
Net Income	-$2M	-$10M	+84.9%

Revenue Segments

Shack Sales

$244M96%

Sales-Based Royalties

$9M3%

Initial Territory and Opening Fees

$246,0000%