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Shake Shack, Inc. (SHAK - Free Report) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.10 per share and revenues of $96.1 million. Currently, Shake Shack is a Zacks Rank #3 (Hold) and is up nearly 2% to $42 per share in after-hours trading shortly after its earnings report was released.
SHAK:
Beat earnings estimates. The company posted adjusted earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.05 per share.
Beat revenue estimates. The company saw revenue figures of $96.1 million, topping our consensus estimate of $93.16 million.
Shake Shack’s fourth-quarter revenues jumped 31.2% from the year-ago period. However, for the quarter, same-store sales rose only 0.8%.
The company’s sales jumped 33.6% to $358.8 million for the full-year. This growth can be attributed almost entirely to Shake Shack’s effort to open new locations, as same-store sales fell by 1.2%. Shake Shack plans to open even more new locations in 2018.
“We delivered another year of robust global growth, opening 26 new company-operated domestic Shacks and 19 net licensed Shacks, representing a nearly 40% increase on our base,” CEO Randy Garutti said in a statement.
“Looking ahead, 2018 is shaping up to be another exciting year of growth with 32 to 35 new domestic company-operated Shacks, our biggest year of openings to date. We expect 16 to 18 net new licensed Shacks for the year, with a significant portion of our international growth targeted in Asia including our first Shack in Hong Kong.”
Here’s a graph that looks at SHAK’s Price, Consensus and EPS Surprise history:
Shake Shack, Inc. Price, Consensus and EPS Surprise
Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.
Check back later for our full analysis on SHAK’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Shake Shack (SHAK) Tops Q4 Estimates, Same-Store Sales Slow
Shake Shack, Inc. (SHAK - Free Report) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.10 per share and revenues of $96.1 million. Currently, Shake Shack is a Zacks Rank #3 (Hold) and is up nearly 2% to $42 per share in after-hours trading shortly after its earnings report was released.
SHAK:
Beat earnings estimates. The company posted adjusted earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.05 per share.
Beat revenue estimates. The company saw revenue figures of $96.1 million, topping our consensus estimate of $93.16 million.
Shake Shack’s fourth-quarter revenues jumped 31.2% from the year-ago period. However, for the quarter, same-store sales rose only 0.8%.
The company’s sales jumped 33.6% to $358.8 million for the full-year. This growth can be attributed almost entirely to Shake Shack’s effort to open new locations, as same-store sales fell by 1.2%. Shake Shack plans to open even more new locations in 2018.
“We delivered another year of robust global growth, opening 26 new company-operated domestic Shacks and 19 net licensed Shacks, representing a nearly 40% increase on our base,” CEO Randy Garutti said in a statement.
“Looking ahead, 2018 is shaping up to be another exciting year of growth with 32 to 35 new domestic company-operated Shacks, our biggest year of openings to date. We expect 16 to 18 net new licensed Shacks for the year, with a significant portion of our international growth targeted in Asia including our first Shack in Hong Kong.”
Here’s a graph that looks at SHAK’s Price, Consensus and EPS Surprise history:
Shake Shack, Inc. Price, Consensus and EPS Surprise
Shake Shack, Inc. Price, Consensus and EPS Surprise | Shake Shack, Inc. Quote
Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.
Check back later for our full analysis on SHAK’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>