Shake Shack Inc. provided earnings guidance for 2022 and first quarter of 2023. For the period, the company expects 2022 Shack level operating profit margin to be about 17% sequentially above last year's level.

For the first quarter of 2023, company expects Shack sales of $227 million to $235 million. Licensed revenue of $7.5 million to $8 million. This is reflecting a lot of the disruptions that we're seeing in Asia, in China, in particular, and so there's kind of a wider band of uncertainty there. Company expects same-Shack sales to grow mid- to high single digits year-over-year and Shack level operating profit margins to expand year-over-year to 16% to 18%.