NYSE$SHAK

Shake Shack Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Total revenue increased, supported by in-shack sales growth, and same-shack sales also increased.

Shake Shack Inc. reported a significant increase in total revenue, driven by substantial in-shack sales growth and improved same-shack sales compared to the same period last year. The company's strategic plan focuses on evolving shack formats through physical and digital transformation to enhance the guest experience.

  • Total revenue increased by 104.2% to $187.5 million compared to the same period last year.
  • Same-Shack sales improved by 52.7% compared to the same period last year.
  • Operating income was $3.3 million, a significant improvement from the operating loss of $24.1 million in the same period last year.
  • Net income was $2.1 million, compared to a net loss of $18.0 million in the same period last year.

Headline financials

Total Revenue

$187M

Previous: $91.8M+104.2%
EPS (adj)

$0.05

Previous: -$0.45+111.1%
Same-Shack Sales Growth

52.7%

Previous: -49.0%+207.6%
System-Wide Sales

$282M

Previous: $124M+127.7%
New Licensed Shacks

10

Previous: 1+900.0%
Capital Expenditures

-$44.7M

Previous: -$37.6M-18.8%
Free Cash Flow

-$42.8M

Previous: -$53.8M+20.6%
Net Income

$1.94M

Previous: -$16.2M+112.0%
Operating Income

$3.31M

Previous: -$24.1M+113.7%
Gross Profit

$108K

Previous: $394K-72.6%
Cash & Equivalents

$340M

Previous: $174M+95.5%
Total Assets

$1.43B

Previous: $1.12B+27.4%
Stock-Based Comp

$1.96M

Previous: $1.42M+38.0%

Revenue & EPS history

Shake Shack · Revenue · Quarterly

$187M

Q2 2021+104.2%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Shake Shack · $182M total across 1 segment · Q2 2021

  • Shack sales
    $182M+102.8%

Forward guidance

The Company is providing revenue and sales guidance for the third quarter of 2021.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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