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Shake Shack Inc. (SHAK) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Shake Shack Inc.

CIK: 1620533 Ticker: SHAK

Exhibit 99.1

 

 

Shake Shack Announces Fourth Quarter and Fiscal Year 2014 Financial Results

 

NEW YORK, NY (Business Wire) — March 11, 2015 — Shake Shack Inc. (“Shake Shack”

or the “Company”) (NYSE: SHAK), today reported financial results for the fourth quarter and fiscal year ended December 31, 2014, periods that included 14 and 53 weeks, respectively, as fiscal year 2014 contained an extra operating week.

 

Financial Highlights for the Fourth Quarter 2014:

 

·                  Total revenue increased 51.5% to $34.8 million.

·                  Shack sales increased 51.6% to $33.1 million.

·                  Same-Shack sales increased 7.2%, excluding sales from the 14th week.

·                  Shack-level operating profit*, a non-GAAP measure, increased 49.2% to $7.4 million.

·                  Adjusted EBITDA*, a non-GAAP measure, increased 58.5% to $4.8 million.

·                  Net loss was $(1.4) million, or ($0.05) per diluted unit, which included approximately $1.1 million, or $0.04 per diluted unit, of after-tax expenses associated with the Company’s initial public offering.

·                  10 system-wide Shack openings, including five domestic company-operated Shacks and five international licensed Shacks.

 

Financial Highlights for Fiscal Year 2014:

 

·                  Total revenue increased 43.7% to $118.5 million.

·                  Shack sales increased 42.6% to $112.0 million.

·                  Same-Shack sales increased 4.1%, excluding sales from the 53rd week.

·                  Shack-level operating profit*, a non-GAAP measure, increased 31.5% to $26.9 million.

·                  Adjusted EBITDA*, a non-GAAP measure, increased 30.6% to $18.9 million.

·                  Net income was $2.1 million, or $0.07 per diluted unit, which included approximately $2.6 million, or $0.09 per diluted unit, of after-tax expenses associated with the Company’s initial public offering.

·                  23 system-wide Shack openings, including 10 domestic company-operated, one domestic licensed and 12 international licensed, representing a 57.5% increase in system-wide Shack count.

 


The following information was filed by Shake Shack Inc. (SHAK) on Wednesday, March 11, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Shake Shack Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

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Ticker: SHAK
CIK: 1620533
Form Type: 10-K Annual Report
Accession Number: 0001620533-15-000003
Submitted to the SEC: Fri Mar 27 2015 4:47:46 PM EST
Accepted by the SEC: Fri Mar 27 2015
Period: Wednesday, December 31, 2014
Industry: Retail Eating And Drinking Places

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