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Why Shake Shack's strategy with the suburbs has mixed results


It was a good quarter for Shake Shack, with record sales of $426.3 million, up by 21.2% compared to the second quarter of 2022. Same-store sales were up by 3%, with restaurant-level margins of 21.2%, the first time margins were above 20% since 2019.

Net income turned positive to $7.2 million, or 16 cents per share.

In the previous quarter it reported a net loss of $1.5 million, or 4 cents per share.

Much of the success was due to the implementation of operational efficiencies and the continued rollout of kiosks in restaurants, which generate higher average checks and require less labor.

TAGS: Fast Casual
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