Analysis of Historical Performance

jagguarpaw January 24, 2017 0 Comments

Question: Analysis of Historical Performance (revenue and ma…

Analysis of Historical Performance (revenue and market share for 5 years) and Implications for Financial Management. Discuss the reasons (external and internal) for the yearly changes in the data.

Our brand power and thoughtful approach to growth have resulted in strong Shack performance across a variety of geographic areas and formats. During the threeyear period ended December 30, 2015 , we grew from 21 Shacks to 84 Shacks spanning 12 states, the District of Columbia and 10 countries, representing a 59% compound annual growth rate (“CAGR”). As a result, our total revenue grew from $57.0 million in fiscal 2012 to $190.6 million in fiscal 2015 , a 50% CAGR. Compared to fiscal 2014 , total revenue increased 60.8%. Net loss for fiscal 2015 was $8.8 million, compared to net income of $2.1 million for fiscal 2014 . Adjusted pro forma net income *, a non-GAAP measure, increase d 154.9% to $12.0 million , or $0.32 per fully exchanged and diluted share, compared to $4.7 million , or $0.13 per fully exchanged and diluted share in fiscal 2014. Adjusted EBITDA, a non-GAAP measure, increased 117.7% to $41.1 million for fiscal 2015 from $18.9 million for fiscal 2014 . For a reconciliation of Adjusted EBITDA, a non-GAAP measure, to net income, see “Non-GAAP Financial Measures— EBITDA and Adjusted EBITDA” in Part II, Item 7