Shake Shack (SHAK) Tops Q3 EPS by 1c, Offers FY16 & FY17 Guidance
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Shake Shack Announces Third Quarter 2016 Financial Results
November 9, 2016 4:06 PM EST
- Third Quarter Total Revenue Grew 40.0% -
- Same-Shack
Sales Increased 2.9% -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported its financial results for the third quarter ended September 28, 2016, a period that included 13 weeks.
Financial Highlights for the Third Quarter 2016:
Total revenue increased 40.0% to $74.6 million. Shack sales increased 40.2% to $71.9 million. Same-Shack sales increased 2.9%. Operating income increased 17.5% to $9.2 million. Shack-level operating profit*, a non-GAAP measure, increased... More