- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
