Shake shack inc. (SHAK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenue from Contract with Customer, Excluding Assessed Tax

143,170

151,435

157,762

152,713

132,609

124,265

119,647

116,282

99,116

96,136

94,609

91,316

76,749

73,271

74,567

66,472

54,165

51,061

53,273

48,450

37,808

34,772

31,825

27,737

24,196

Shack-level operating expenses:
Food and paper costs

39,564

43,127

44,159

42,899

37,991

34,760

32,703

31,678

26,955

26,691

25,760

24,712

21,174

20,223

20,393

18,104

15,032

14,429

14,929

13,717

11,004

10,677

9,340

7,995

6,913

Labor and related expenses

41,766

41,920

41,601

40,197

37,093

34,443

31,232

29,732

26,687

25,048

23,806

22,426

20,460

18,900

18,216

15,262

13,162

12,307

12,176

11,168

9,101

8,707

7,668

6,684

6,253

Shack-level operating expenses:
Other operating expenses

17,779

17,899

18,947

16,755

15,568

15,247

13,496

12,281

10,759

10,425

9,229

8,486

7,665

7,471

6,577

5,979

4,919

4,728

4,376

3,723

3,480

3,325

2,905

2,585

2,376

Occupancy and related expenses

12,558

13,142

12,537

11,873

10,899

9,089

8,545

7,401

7,675

7,456

7,522

7,043

6,176

6,279

6,009

5,209

4,323

3,959

4,206

3,859

3,183

2,959

2,675

2,226

1,893

General and administrative expenses

16,191

19,229

17,090

15,393

13,937

15,173

13,151

12,587

11,809

11,651

9,204

9,678

8,470

8,291

7,885

7,496

6,884

7,660

5,728

6,052

18,385

5,995

5,200

3,629

3,363

Depreciation expense

11,768

11,153

10,474

9,799

8,966

8,095

7,439

6,968

6,498

6,094

5,604

5,258

4,748

4,273

3,719

3,404

3,106

2,948

2,636

2,447

2,191

1,742

1,502

1,334

1,231

Pre-opening costs

2,243

4,156

4,487

3,549

2,642

4,248

3,581

2,421

2,029

2,642

2,670

1,876

2,415

2,812

2,598

2,085

2,025

1,376

1,401

1,240

1,413

2,277

1,766

1,129

933

Impairment and loss on disposal of assets

-2,088

-321

-303

-377

-351

-374

-157

-196

-190

-291

-204

-100

-13

-34

0

0

0

-

-17

-

-

-77

-10

-13

-5

TOTAL EXPENSES

143,957

150,947

149,598

140,842

127,447

121,429

110,304

103,264

92,602

90,298

83,999

79,579

71,121

68,283

65,397

57,539

49,451

47,407

45,469

42,206

48,757

35,759

31,066

25,595

22,967

OPERATING INCOME (LOSS)

-787

488

8,164

11,871

5,162

2,836

9,343

13,018

6,514

5,838

10,610

11,737

5,628

4,988

9,170

8,933

4,714

3,654

7,804

6,244

-10,949

-987

759

2,142

1,229

Other income (loss), net

-93

1,004

248

447

564

444

436

406

228

127,501

229

198

195

868

151

23

23

-

0

-

-

-

-

-

-

Interest expense

112

132

133

97

72

645

592

613

565

499

475

366

303

107

89

91

87

577

-83

-84

-78

584

-128

-56

-35

INCOME (LOSS) BEFORE INCOME TAXES

-992

1,360

8,279

12,221

5,654

2,635

9,187

12,811

6,177

132,840

10,364

11,569

5,520

5,749

9,232

8,865

4,650

3,574

7,721

6,160

-11,027

-1,131

631

2,086

1,194

Income Tax Expense (Benefit)

87

3,433

-3,144

1,050

2,047

3,183

2,241

2,240

1,198

143,872

2,494

3,385

1,658

292

2,443

2,316

1,299

528

1,528

1,015

233

296

127

137

102

NET INCOME (LOSS)

-1,079

-2,073

11,423

11,171

3,607

-548

6,946

10,571

4,979

-11,032

7,870

8,184

3,862

5,457

6,789

6,549

3,351

3,046

6,193

5,145

-11,260

-1,427

504

1,949

1,092

Less: net income (loss) attributable to non-controlling interests

-119

20

1,079

2,141

1,061

410

1,921

2,967

1,471

1,431

2,873

3,305

1,595

1,537

3,023

3,251

1,889

1,800

4,665

4,027

1,408

-1,408

0

0

1,408

NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.

-960

-2,093

10,344

9,030

2,546

-958

5,025

7,604

3,508

-12,463

4,997

4,879

2,267

3,920

3,766

3,298

1,462

1,246

1,528

1,118

-12,668

-1,427

504

1,949

1,092

Earnings (loss) per share of Class A common stock
Basic (in dollars per share)

-0.03

-0.08

0.32

0.30

0.09

-0.03

0.17

0.27

0.13

-0.48

0.19

0.19

0.09

0.16

0.16

0.15

0.07

0.21

0.11

0.09

-1.06

-0.06

0.02

0.07

0.04

Diluted (in dollars per share)

-0.03

-0.07

0.31

0.29

0.08

-0.04

0.17

0.26

0.13

-0.48

0.19

0.19

0.09

0.17

0.15

0.14

0.07

0.23

0.10

0.08

-1.06

-0.05

0.02

0.06

0.04

Weighted-average shares of Class A common stock outstanding:
Basic (in shares)

34,444

33,878

31,961

30,122

29,563

29,407

28,954

27,796

27,039

26,306

26,024

25,798

25,376

24,895

24,023

22,553

20,353

16,584

13,757

12,058

11,953

30,004

29,978

29,963

29,963

Diluted (in shares)

34,444

34,681

32,916

31,015

30,392

30,257

29,883

28,754

27,822

24,760

26,477

26,312

25,955

25,380

24,554

23,050

20,812

14,275

14,785

13,339

11,953

30,132

30,104

30,127

30,125

Shack sales
Revenue from Contract with Customer, Excluding Assessed Tax

138,048

145,814

152,366

147,876

128,569

120,720

115,882

112,898

96,089

93,130

91,100

88,003

74,155

70,920

71,871

64,406

52,153

49,314

51,275

46,583

36,047

33,054

30,165

26,183

22,640

Licensing revenue
Revenue from Contract with Customer, Excluding Assessed Tax

5,122

5,621

5,396

4,837

4,040

3,545

3,765

3,384

3,027

3,006

3,509

3,313

2,594

2,351

2,696

2,066

2,012

1,747

1,998

1,867

1,761

1,718

1,660

1,554

1,556