Shake Shack (SHAK) Tops Q2 EPS by 1c; Comps Light of Expectations

August 10, 2016 4:06 PM EDT
Get Alerts SHAK Hot Sheet
Trade SHAK Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

(Updated - August 10, 2016 4:09 PM EDT)

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.

Comps rose 4.5 percent, versus a gain of 5.4 percent expected.

Updated 2016 Outlook

For the fiscal year ending December 28, 2016, the Company is revising its financial outlook to the following:

  • Total revenue between $253 million and $256 million (vs. $245 million to $249 million). (The Street sees revenue of $252 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, Hot Guidance, Retail Sales

Related Entities


Add Your Comment