NYSE$SHAK

Shake Shack Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Shake Shack reported a revenue increase of 4.0% to $157.5 million compared to the same period last year, with same-Shack sales improving to down 17.4%.

Shake Shack Inc. reported financial results for the fourth quarter and the fiscal year ended December 30, 2020. Revenue in the fourth quarter was $157.5 million, with same-Shack sales improving to down 17.4% compared to down 31.7% in the third quarter 2020.

  • Total revenue in the fourth quarter 2020 increased 4.0% to $157.5 million versus the same period last year.
  • Shack sales in the fourth quarter 2020 increased 4.6% to $152.5 million versus the same period last year.
  • Same-Shack sales were down 17.4% in the fourth quarter 2020 versus the same period last year, compared to down 31.7% in the third quarter 2020.
  • Licensed revenue in the fourth quarter 2020 decreased 10.6% to $5.0 million versus the same period last year.

Headline financials

Total Revenue

$158M

Previous: $151M+4.0%
EPS (adj)

-$0.03

Previous: $0.06-150.0%
Same-Shack Sales Growth

-17.4%

Previous: -3.6%-383.3%
System-Wide Sales

$238M

No prior period
New Licensed Shacks

5

No prior period
Capital Expenditures

$22M

Previous: $25.6M-13.9%
Free Cash Flow

-$13.2M

Previous: -$8.79M-50.0%
Net Income

-$20.3M

Previous: -$2.1M-867.3%
Operating Income

-$12.2M

Previous: $500K-2543.2%
Gross Profit

$65.5M

Previous: $66.4M-1.4%
Cash & Equivalents

$147M

Previous: $37.1M+295.9%
Total Assets

$1.15B

Previous: $968M+18.3%
Stock-Based Comp

$1.5M

Previous: $1.75M-14.4%

Revenue & EPS history

Shake Shack · Revenue · Quarterly

$158M

Q4 2020+4%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Shake Shack · $153M total across 1 segment · Q4 2020

  • Shack sales
    $153M+4.6%

Forward guidance

Given the substantial uncertainty and resulting material economic impact caused by the COVID-19 pandemic, the Company is not providing full guidance for the fiscal year ending December 29, 2021.

Tailwinds

  • Domestic Company-operated Shack openings: 35 to 40
  • Licensed Shack openings: 15 to 20

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 Q4 2020

Historical avgQ4 2020

-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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