BUSINESSQUARTZ
Shake Shack's sales climbed but profits slipped as food costs mounted
Shake Shack's net income decreased to $15.7 million from $17.1 million year-over-year, despite total revenue reaching $417.6 million. The decline in profits was attributed to rising food costs.
Related Signal
Adjacent reporting
- Beef is very expensive right now — and Shake Shack just lost money for the first time in years
- Shake Shack shares crater 30% after burger chain reports operating loss
- The Takeaways From McDonald's, Shake Shack and Whirlpool Earnings
- Campbell's posted falling sales and slumping profits — but kept its annual forecast intact
- Stolen Ribs Nearly Spoiled Shake Shack’s Hit BBQ Sandwich