Shake Shack (NYSE:SHAK) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Shake Shack beat estimated earnings by 87.5%, reporting an EPS of $-0.01 versus an estimate of $-0.08.
Revenue was up $49.89 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 2.95% drop in the share price the next day.
Here’s a look at Shake Shack’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.11 | -0.06 | -0.02 | -0.22 |
| EPS Actual | -0.06 | -0.06 | 0 | -0.19 |
| Revenue Estimate | 238.23M | 226.62M | 238.26M | 200.61M |
| Revenue Actual | 238.53M | 227.81M | 230.75M | 203.39M |
To track all earnings releases for Shake Shack visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
