Shake Shack 4Q sales rise 7.2%

Shake Shack 4Q sales rise 7.2%

Company reports net loss due to costs associated with recent initial public offering

Shake Shack Inc.’s revenue rose 51.5 percent during the fourth quarter ended Dec. 31, due to a flurry of new unit openings and higher same-store sales, the company said on Wednesday.

Revenue rose to $34.8 million during the quarter, from $22.9 million the previous year. Same-store sales rose 7.2 percent.

The company opened 10 Shake Shack locations during the quarter, including five units in the U.S. and five licensed locations in international markets.<

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish