Monday 07 March 2016 9:45 pm

Fast-food company Shake Shack reports revenue and profit growth in fourth quarter

Shake Shack today reported total revenue of $51.1m (£35.8m) for the fourth quarter of 2015, up 46.8 per cent year on year.

The figures

The fast food chain also reported a sales increase of 49.2 per cent to $49.3m.

And the company reported its operating profit up 88.1 per cent to $13.9m.

Its adjusted earnings before interest, taxation, depreciation and amortisation(Ebitda) for the period was $9.9m, up 104.5 per cent.

For the fiscal year, Shake Shack reported total revenue of $190.6m, up 60.8 per cent.

Sales over the year totalled $183.2m, up 63.5 per cent.

And adjusted Ebitda over the year-long period was $41.1m, up 117.7 per cent.

Why it’s interesting

The company said it was “very proud” of its achievements during its first year as a public company.

And it has forecast more growth for the fiscal year to 28 December 2016.

Shake Shack said it expects total revenue to grow to between $237m and $242m.

It also said it expects to open at least 13 new domestic company-operated Shacks.

And the company said seven Shacks will be opened under current licence agreements in the UK, Middle East and Japan.

What Shake Shack said

Randy Garutti, chief executive:

We are very proud of what we have been able to accomplish in our first year as a public company. 2015 marked a record year for Shake Shack in nearly all metrics, and we will continue to execute our stated growth strategy and connect with our guests the world over. During the fourth quarter we opened three domestic company-operated Shacks and six international Shacks including our first Shack in Tokyo in the Meiji-Jingu Gaien park. Looking ahead, 2016 is shaping up to be another outstanding year with a strong pipeline of new domestic openings, and plans to enter four new markets.