NYSE$SHAK

Shake Shack Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Shake Shack's financial performance increased in the second quarter of 2022, with revenue and system-wide sales showing substantial growth compared to the previous year.

Shake Shack reported a total revenue of $230.8 million, a 23.1% increase compared to 2021. System-wide sales also grew by 24.8% to $351.7 million. However, the company experienced an operating loss of $0.8 million and a net loss of $1.3 million.

  • Total revenue reached $230.8 million, up 23.1% from 2021.
  • System-wide sales increased by 24.8% to $351.7 million compared to 2021.
  • Same-Shack sales grew by 10.1% versus 2021.
  • The company opened five new domestic Company-operated Shacks, including two with drive-thru locations, and eight new Licensed Shacks, including its first in Guangzhou, China.

Headline financials

Total Revenue

$231M

Previous: $187M+23.1%
EPS (adj)

-$0.03

Previous: $0.05-160.6%
Same-Shack Sales Growth

10.1%

Previous: 52.7%-80.8%
System-Wide Sales

$352M

Previous: $282M+24.8%
New Licensed Shacks

8

Previous: 10-20.0%
Capital Expenditures

-$55.3M

Previous: -$44.7M-23.6%
Free Cash Flow

-$56.5M

Previous: -$42.8M-32.0%
Net Income

-$1.19M

Previous: $1.94M-161.1%
Operating Income

-$819K

Previous: $3.31M-124.8%
Gross Profit

$538K

Previous: $108K+398.1%
Cash & Equivalents

$278M

Previous: $340M-18.2%
Total Assets

$1.48B

Previous: $1.43B+3.3%
Stock-Based Comp

$3.45M

Previous: $1.96M+76.3%

Revenue & EPS history

Shake Shack · Revenue · Quarterly

$231M

Q2 2022+23.1%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Shake Shack · $223M total across 1 segment · Q2 2022

  • Shack sales
    $223M+22.9%

Forward guidance

No specific 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 Q2 2022

Historical avgQ2 2022

-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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