Shake Shack (SHAK) Tops Q2 EPS by 1c; Comps Increase 4.5%; Raises FY Rev. Guidance

August 10, 2016 4:08 PM EDT
Get Alerts SHAK Hot Sheet
Trade SHAK Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Shake Shack (NYSE: SHAK) reported Q2 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $66.5 million versus the consensus estimate of $63.11 million.

Same-Shack Sales Increased 4.5% -


Shake Shack sees FY2016 revenue of $253-256 million, versus prior guidance of $245-249 million and the consensus of $251.8 million.

  • Same-Shack sales growth between 4% and 5%.
  • 18 (vs. 16) total new domestic company-operated Shacks to be opened in 2016.
  • Seven licensed Shacks, net of a relocation (an increase of one Shack from the previous guidance).
  • Approximately 50 basis points (vs. 75 to 100 basis points) of deleverage in labor and related expenses as a percentage of Shack sales, on a year-over-year basis.
  • Adjusted pro forma effective tax rate between 40% and 41%.

For earnings history and earnings-related data on Shake Shack (SHAK) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Retail Sales

Related Entities


Add Your Comment