Shake Shack crushes earnings, gives disappointing guidance (SHAK)

pulse

February 15, 2018 8:26 PM

Shake Shack is scheduled to report fourth quarter earnings after the closing bell Thursday.

Shake Shack reported earnings that beat Wall Street's expectations on Thursday.
The chain reported a loss of $0.05 per share on revenues of $96.8 million.

Shake Shack on Thursday posted fourth-quarter earnings and revenue that exceeded Wall Street estimates, sending shares up as much as 5.5% in after-hours trading.

The company earned an adjusted $0.10 on revenue of $96.1 million, beating the $0.06 and $92.8 million that was expected.

Same-Shack sales were up 0.8% for the quarter, but down 1.2% year-over-year, the company said, while revenue was up 33.6% versus a year ago.

Shake Shack

Shake Shack has been aggressively expanding and currently operates 160 restaurants around the world, 60 of which are outside the United States. It has also released several new menu items to keep up with competitors like Chick-Fil-A.

In 2018, Shake Shack says investors should expect revenue of $444 million to $448 million, and that it plans to open 32 to 35 company-operated restaurants in the US, as well as 16 to 18 new licensed outlets.

$700 million

Shares of Shake Shack were down 4.5% this year ahead of the results.

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