SHAKShake Shack Inc.

$4B

Q4 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$286M+20.0% YoY

Gross Profit

$127M44.5% margin

Operating Income

-$1M-0.5% margin

Net Income

$7M2.5% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$8M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.1B

Stockholders' Equity

$443M

Cash & Equivalents

$225M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$286M	$239M	+20.0%
Gross Profit	$127M	$104M	+22.2%
Operating Income	-$1M	-$6M	+79.5%
Net Income	$7M	-$11M	+167.4%

Revenue Segments

Shack Sales

$276M96%

Sales-Based Royalties

$10M4%

Initial Territory and Opening Fees

$3,0000%

SHAK Q4 2023 Earnings — Shake Shack Inc. Revenue & Financial Results | Market Cap Arena