Shake Shack (NYSE: SHAK) reported Q3 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $94.6 million versus the consensus estimate of $94.72 million.

COmps declined 1.6%

For the fiscal year ending December 27, 2017, the Company is providing the following financial outlook:

• Total revenue between $354 million and $355 million (vs. $351 million to $355 million).
• Same-Shack sales decrease of between -1.5% and -2.0% (vs. -2% to -3%).
• Between 24 and 26 new domestic company-operated Shacks to be opened in fiscal 2017 (vs. 23 to 24).
• Increase to 18, net new licensed Shacks to be opened in fiscal 2017 (vs. 15, net).
• Shack-level operating profit margin between 26.5% and 27.0% (vs. 26.5% to 27.5%).
• General and administrative expenses between $38 million and $40 million.
• Depreciation expense of approximately $22 million.
• Interest expense between $1.6 million and $1.8 million (vs. $1.6 million to $2.0 million).
• Adjusted pro forma effective tax rate between 40% and 41% (excluding the impact from the recognition of windfall tax benefits related to the adoption of ASU 2016-09).

Preliminary 2018 Outlook

For the fiscal year ending December 26, 2018, the Company is providing the following financial outlook:

• Between 32 and 35 new domestic company-operated Shacks to be opened in fiscal 2018.
• Between 16 and 18, net new licensed Shacks to be opened in fiscal 2018.

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