Shake Shack Posts Q4 Earnings Above Street View

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  • Shake Shack Inc SHAK reported fourth-quarter FY22 sales growth of 17.4% year-on-year to $238.53 million, beating the consensus of $238.23 million.
  • System-wide sales grew 15.8%, and Same-Shack sales climbed 5.1%.
  • Loss from operations for the quarter was $(6.3) million versus a loss of $(6.5) million a year ago.
  • The company held $230.5 million in cash and equivalents as of Dec. 28, 2022. Cash provided by operating activities for the year totaled $76.7 million.
  • Adjusted EBITDA for the quarter was $19.3 million, with the margin expanding 200 basis points to 8.1%.
  • Adjusted pro forma EPS loss was $(0.06) for the quarter, beating the consensus of $(0.11).
  • Price Action: SHAK shares are trading lower by 1.31% at $57.92 on the last check Thursday.
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SHAKShake Shack Inc
$78.01-7.36%

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