SHAK Q1 2024 Earnings — Shake Shack Inc. Revenue & Financial Results | Market Cap Arena

SHAKShake Shack Inc.

$4B

Q1 2024 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$291M+14.7% YoY

Gross Profit

$129M44.3% margin

Operating Income

$34,0000.0% margin

Net Income

$2M0.7% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

-$2M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$446M

Cash & Equivalents

$260M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$291M	$253M	+14.7%
Gross Profit	$129M	$107M	+20.0%
Operating Income	$34,000	-$3M	+101.1%
Net Income	$2M	-$2M	+233.0%

Revenue Segments

Shack Sales

$281M97%

Sales-Based Royalties

$10M3%

Initial Territory and Opening Fees

$319,0000%