"The core story here is straightforward: Shake Shack has moved decisively from recovery mode into genuine profit growth. Operating income swung from an $18.0M loss last year to $18.5M in profit this quarter. Net income followed suit, climbing from a $10.2M loss to $13.7M in earnings. These aren't marginal improvements. They signal that restructuring efforts and operational discipline are translating into bottom-line results."
"Same-Shack sales rose 4.9% year over year, a steady performance in a competitive fast-casual environment. System-wide sales, which include licensed locations, grew 15.4%, showing that the expansion strategy is adding meaningful revenue. The company opened 13 new company-operated locations and 7 licensed Shacks during the quarter, bringing the total footprint to over 630 worldwide."
"Adjusted EPS: $0.36 vs. $0.31 expected; up 44% year over year Revenue: $367.41M vs. $363.71M expected; up 15.9% year over year Operating Income: $18.5M vs. loss of $18.0M prior year Net Income: $13.7M vs. loss of $10.2M prior year Same-Shack Sales: Up 4.9% System-Wide Sales: Up 15.4%"
Shake Shack posted a third consecutive quarter of accelerating earnings, beating EPS and revenue expectations while showing operational improvement. Operating income turned to $18.5M in profit from an $18.0M loss a year earlier, and net income rose to $13.7M from a $10.2M loss. Adjusted EPS was $0.36 and revenue rose 15.9% to $367.41M. Same-Shack sales increased 4.9% and system-wide sales grew 15.4% as the company added 13 company-operated and 7 licensed locations, expanding the footprint to over 630. The company has now met or exceeded estimates in eight consecutive quarters despite a stock pullback.
Read at 24/7 Wall St.
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