Shake Shack (SHAK) FY2023 results: revenue $1.1 billion, up 20.8% on the year
Shake Shack Inc. (SHAK) reported revenue of $1.1 billion for fiscal 2023, the year ended 27 December 2023, up 20.8% on the year before. Net income was $20 million, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$1.1 billion
+20.8% on the year
FY2016FY2023
Operating margin
0.5%
-3.0% a year earlier
FY2016FY2023
Net income
$20 million
FY2016FY2023
Diluted EPS
$0.48
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
132
76.7
58.4
+72.2%
Capital expenditure
146
143
101
+2.5%
Free cash flow
-14.0
-65.8
-43.1
Free cash flow margin
-1.3%
-7.3%
-5.8%
Cash from investing
-132
-143
-145
Cash from financing
-5.7
-5.2
242
Depreciation and amortisation
91.2
72.8
59.0
+25.3%
Share-based compensation
14.9
13.3
8.7
+11.7%
Diluted shares, weighted
44m
39m
39m
+11.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
443
412
410
+7.6%
Non-controlling interest
26.0
24.6
26.1
+5.4%
Debt
246
245
244
+0.4%
Operating lease liabilities
465
427
400
+8.7%
Finance lease liabilities
8.7
3.9
4.3
+123.1%
Other liabilities
418
399
388
+4.6%
Total liabilities and equity
1,606
1,512
1,472
+6.2%
Fixed assets
531
467
389
+13.7%
Investments
68.6
80.7
80.0
-15.0%
Cash and equivalents
225
231
302
-2.5%
Receivables
16.8
13.9
13.7
+21.4%
Inventory
5.4
4.2
3.9
+29.2%
Other assets
759
716
682
+6.1%
Total assets
1,606
1,512
1,472
+6.2%
10-K for the year ended 27 December 2023, filed 29 February 2024: the filing.