Shake Shack Revenue Rises 14.3% but Beef Costs Hit Earnings
Shake Shack reported first-quarter earnings showing total revenue increased 14.3% to $366.7 million, but rising food costs—particularly beef—outpaced sales growth. Adjusted EBITDA fell 9.3% as margins tightened. The company faces ongoing pressure from commodity prices and inflation.
Key facts
- Total revenue rose 14.3% to $366.7 million
- Food costs increased faster than sales
- Adjusted EBITDA fell 9.3%
- Beef costs weighed on earnings
- First-quarter earnings report
- Inflation and commodity prices pressure margins
Entities
Institutions
- Shake Shack
Sources
- Quartz —