Shake Shack Inc (SHAK)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,921 | 902 | -9,581 | -15,148 | -26,894 | -27,073 | -24,893 | -20,767 | -15,853 | -21,576 | -25,728 | -53,110 | -43,876 | -31,172 | -16,210 | 19,736 | 25,685 | 28,033 | 29,212 | 30,359 |
| 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 |
| Operating profit margin | 0.54% | 0.09% | -0.97% | -1.59% | -3.00% | -3.14% | -3.01% | -2.65% | -2.15% | -3.12% | -4.09% | -9.96% | -8.44% | -6.07% | -3.00% | 3.28% | 4.32% | 4.94% | 4.50% | 4.17% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,921K ÷ $1,088,117K
= 0.54%
Shake Shack Inc's operating profit margin has fluctuated significantly over the past few quarters. The company experienced negative operating profit margins in the first three quarters of 2021, with the margin improving slightly in the fourth quarter of 2021. However, in 2022 and 2023, the operating profit margins remained negative, showing signs of improvement in the most recent quarter.
The operating profit margins reached as low as -9.96% in the first quarter of 2021, but gradually improved to -1.59% in the first quarter of 2023. The company's performance appears to have stabilized in recent quarters, with the latest operating profit margin standing at 0.54%. It is important for Shake Shack Inc to continue monitoring and improving its operating efficiency to sustain profitability and enhance shareholder value.
Peer comparison
Dec 31, 2023