Shake Shack's Q4 Earnings Beat Expectations, Revenue Falls Short
NEW YORK, Feb. 16, 2023 - Shake Shack Inc. (SHAK) announced a fourth-quarter profit of $8.7 million, translating to earnings per share of 21 cents. Adjusted for non-recurring expenses, earnings reached 26 cents per share, exceeding analyst expectations of 25 cents.
However, revenue fell short of forecasts at $328.7 million, against the projected $328.9 million. For the full year, Shake Shack reported a profit of $10.2 million or 24 cents per share, with revenue totaling $1.25 billion.