NYSE$SHAK
Shake Shack Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Shake Shack reported positive Q1 2024 results, marked by revenue growth and improved profitability.
Shake Shack's Q1 2024 saw a 14.7% increase in total revenue to $290.5 million. System-wide sales grew by 12.3% to $443.3 million, and same-shack sales increased by 1.6%. The company achieved a net income of $2.2 million, a significant improvement from the previous year's net loss.
- Total revenue increased by 14.7% to $290.5 million.
- System-wide sales grew by 12.3% to $443.3 million.
- Same-shack sales increased by 1.6%, with trends improving throughout the quarter.
- Net income reached $2.2 million, compared to a net loss in the previous year.
Headline financials
Revenue & EPS history
Shake Shack · Revenue · Quarterly
$291M
Revenue by segment
Shake Shack · $265M total across 1 segment · Q3 2023
- Shack sales$265M+20.7%100.0%
Forward guidance
No forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.8%
Avg return
30 days after
45%
22 / 49 earnings
Positive
+25.9%
Q4 2023
Best reaction
-28.6%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -28.6% | -31.8% | -45.8% | |
| Q4 2025 | +6.4% | +4.3% | -11.7% | |
| Q3 2025 | +1.6% | +5.2% | -2.6% | |
| Q1 2025 | +1.1% | +12.5% | +47.9% | |
| Q4 2024 | +11.1% | -0.5% | -18.5% | |
| Q3 2024 | +7.1% | +8.7% | +17.7% | |
| Q2 2024 | +10.1% | +13.3% | +13.5% | |
| Q1 2024 | +4.0% | +1.8% | -8.2% | |
| Q4 2023 | +25.9% | +25.0% | +32.8% | |
| Q3 2023 | +3.9% | +1.0% | +7.7% | |
| Q2 2023 | +5.2% | +5.3% | -6.6% | |
| Q1 2023 | +24.1% | +24.9% | +29.9% | |
| Q4 2022 | -6.3% | -5.6% | -6.4% | |
| Q3 2022 | -9.5% | -12.1% | +0.0% | |
| Q2 2022 | -5.3% | -9.8% | -14.6% | |
| Q1 2022 | -8.7% | -19.9% | -20.8% | |
| Q4 2021 | -8.5% | -15.9% | -13.0% | |
| Q3 2021 | +19.9% | +10.5% | -8.0% | |
| Q2 2021 | -2.0% | -0.5% | -7.4% | |
| Q1 2021 | -15.8% | -15.3% | -16.0% | |
| Q4 2020 | -5.5% | -3.1% | -8.2% | |
| Q3 2020 | +2.0% | +1.8% | +24.9% | |
| Q2 2020 | -11.5% | -7.8% | +23.0% | |
| Q1 2020 | -4.8% | +6.4% | +7.6% | |
| Q4 2019 | -15.7% | -20.5% | -41.9% | |
| Q3 2019 | -19.3% | -25.0% | -27.4% | |
| Q2 2019 | +15.2% | +17.8% | +38.9% | |
| Q1 2019 | -1.3% | -6.2% | +0.6% | |
| Q4 2018 | -0.8% | -0.8% | +6.0% | |
| Q3 2018 | -10.8% | -5.3% | +5.0% | |
| Q2 2018 | -9.4% | -9.2% | -2.8% | |
| Q1 2018 | +18.3% | +25.5% | +27.2% | |
| Q4 2017 | -4.1% | -5.9% | +3.5% | |
| Q3 2017 | -5.4% | -4.0% | +7.5% | |
| Q2 2017 | -6.3% | -2.6% | -7.5% | |
| Q1 2017 | +6.3% | +7.9% | +11.0% | |
| Q4 2016 | -1.8% | -10.2% | -6.8% | |
| Q3 2016 | +13.1% | +17.3% | +17.0% | |
| Q2 2016 | -7.8% | -9.5% | -17.4% | |
| Q1 2016 | +9.6% | — | — | |
| Q4 2013 | +7.0% | — | — | |
| Q4 2015 | -11.3% | — | — | |
| Q3 2014 | -5.0% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q2 2015 | -4.3% | — | — | |
| Q1 2014 | +10.7% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +4.4% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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