Shake Shack (SHAK) Lower Ahead of Lock-Up Expiration
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Shake Shack Announces Third Quarter 2015 Financial Results
November 5, 2015 4:06 PM EST- Reports Third Quarter Same-Shack Sales of 17.1% and Raises 2015 Outlook -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported financial results for the third quarter ended September 30, 2015, a period that included 13 weeks.
Financial Highlights for the Third Quarter 2015:
Total revenue increased 67.4% to $53.3 million. Shack sales increased 70.0% to $51.3 million. Same-Shack sales increased 17.1%. Shack-level operating profit*, a non-GAAP measure, increased 105.7% to $15.6 million, or 30.4% of Shack sales. Adjusted EBITDA*, a... More