From CNBC:

Shake Shack reported a net income of $6.8 million for the last three months of 2023, up from a loss of $8.1 million the year prior. Earnings per share rose to 15 cents profit from a 20-cent loss in the year-ago period, and the company’s revenue saw a 20% increase year over year. Shake Shack also plans to grow total revenue by 11% to 15% in 2024 and open 80 new restaurants, nearly doubling its footprint from five years ago. CEO Randy Garutti expressed optimism in a letter to shareholders, projecting another year of strong growth and margin expansion.



Read more: Shake Shack (SHAK) earnings Q4 2023