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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 290M | 1.4% |
Gross Profit | 144M | 121.6% |
Cost of Revenue | 146M | 34.1% |
Operating expense | 290M | 1% |
Net Income | 2M | 71.8% |
EBITDA | 29M | 68.6% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 1.62B | 0.8% |
Total Liabilities | 1.15B | 0.9% |
Total Equity | 446M | 0.7% |
Shares Outstanding | 40M | 0.1% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 31M | 26.2% |
Cash from investing | 11M | 286.7% |
Cash from financing | -6.4M | 647.5% |
EPS
Financial Highlights for Shake Shack in Q1 '24
Shake Shack reported a revenue of 290M, which is a 1.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 144M, marking a 121.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 146M, a -34.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 290M, showing a 1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2M, showing a -71.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 29M, showing a -68.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Shake Shack faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.