Shake Shack Inc (SHAK)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 23, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 531,411 | 584,952 | 554,677 | 528,875 | 490,674 | 480,025 | 457,538 | 436,533 | 413,906 | 463,392 | 427,401 | 360,498 | 355,173 | 349,098 | 324,120 | 330,131 | 292,250 | 265,080 | 373,695 | 479,409 |
| Revenue (ttm) | US$ in thousands | 1,088,117 | 1,038,711 | 990,433 | 950,238 | 897,418 | 863,241 | 828,040 | 784,444 | 736,703 | 691,818 | 628,680 | 533,133 | 519,581 | 513,506 | 541,190 | 602,572 | 594,445 | 567,275 | 648,682 | 728,157 |
| Gross profit margin | 48.84% | 56.32% | 56.00% | 55.66% | 54.68% | 55.61% | 55.26% | 55.65% | 56.18% | 66.98% | 67.98% | 67.62% | 68.36% | 67.98% | 59.89% | 54.79% | 49.16% | 46.73% | 57.61% | 65.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $531,411K ÷ $1,088,117K
= 48.84%
Shake Shack Inc's gross profit margin has shown fluctuations over the past several quarters. The company's gross profit margin ranged from 46.73% to 68.36% during the period analyzed. The margin peaked at 68.36% in March 2021 but has since experienced a declining trend, reaching a low of 46.73% in March 2020. It rebounded to 48.84% as of December 2023.
The declining trend in the gross profit margin could be attributed to various factors such as increased costs of goods sold, changes in pricing strategies, or shifts in the product mix. It is essential for Shake Shack Inc to closely monitor and manage its cost structure to maintain a healthy gross profit margin, which is a key indicator of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023