Quartz·1 min read·easy
Shake Shack's sales climbed but profits slipped as food costs mounted
✦AI Summary
Shake Shack reported total revenue of $417.6 million, but net income declined to $15.7 million compared to the previous year. The profit drop is attributed to rising food costs impacting the company's bottom line.
Net income fell to $15.7 million from $17.1 million a year earlier, even as total revenue hit $417.6 million
businesseconomyfood
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