Shake Shack (SHAK) Tops Q2 EPS by 6c, Comps Up 12.9%, Raises FY Revenue Guidance

Shake Shack (NYSE: SHAK) reported Q2 EPS of $0.09, $0.06 better than the analyst estimate of $0.03. Revenue for the quarter came in at $48.5 million versus the consensus estimate of $42.8 million.

Comps increased 12.9 percent.

Shake Shack sees FY2015 revenue of $171 - $174 million, versus prior guidance of $161 - $165 million.(Consensus $170.81M)

• Increasing same-Shack sales growth to mid- to high-single digits (vs. low- to mid-single digits).
• Increasing the total new domestic company-operated Shacks to be opened in 2015 to 12 (vs. 10). Additionally, the Company expects to open at least 12 new domestic company-operated Shacks in 2016 and beyond.
• Continuing to expect at least five international licensed Shacks to be opened under the Company's current license agreements in the U.K. and Middle East.

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

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