Shake Shack Reports Fourth Quarter Financial Results

Shake Shack Inc. (NYSE: SHAK) reported financial results for the fourth quarter and fiscal year 2018.

On Monday Shake Shack report quarterly earnings and revenue that topped analyst expectations. However, the burger chain delivered a weaker outlook for same-store sale growth. Following the report shares of the Company initially rose 4 percent and then dropped more than 2 percent after the markets close.

Shake Shack Reported earnings of 6 cents per share, ahead of analysts expectations of 3 cents per share. The Company brought in revenue of USD 124.3 Million beating analysts estimates of USD 118.8 Million.

For the fiscal fourth quarter, the company included a net loss of USD 548,000 or 3 cents per share, from a net loss of USD 11.03 Million or 47 cents a share. Shake Shak’s pro forma earnings were 6 cents per share, beating the 3 cents per share expected by analysts.

Same-stores sales grew by 2.3 percent during the quarter vs. analysts expectations of a decline of 1.2 percent. During the quarter Shake Shack opened 20 new eateries 17 of which are domestic company-operated stores.

For the Company’s 2019 outlook, Shake Shack is predicting same-store sales that are flat up to 1 percent, reflecting the 1.5 percent in price increases put in place in December. Projected revenue for 2019 is between USD 570 Million and USD 576 Million, while analysts expected revenue of USD 576 Million.

Shake Shack plans to open 58 locations in 2019, while also continuing its global expansions including locations in mainland China, Singapore, the Philippines, and Mexico. The company confirmed that it will be opening its first international office in Hong Kong later this year.

  1. Nicholas Rao 3 years ago

    $SHAK the price action favors the bulls. the spiked, then sold, then on clear mind bot hard. now retesting day’s necks…

    • Bernie Gartenlaub 3 years ago

      $HABT Habit is growing almost as fast a $SHAK yet valuation is rock bottom. 9.5x TTM EBITDA vs 30x for Shake Shack. #stocks #burgers

  2. John Reznick 3 years ago

    $SHAK massive dump coming on pathetic ER & ridiculously bad guidance:
    – the P/E is over 200X (52 / 0.06×4)
    – forward guidance is 0%,
    – trailing growth is ~2%
    – for a 200X PE company YoY growth should be closer to 20%
    – $SHAK is easily 10X more expensive than comps $SPY

  3. Jonathan Pazmino 3 years ago

    $SHAK massive rally back today.

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