Shake Shack (SHAK) Tops Q4 EPS by 2c; Comps Rose 7.2%

Same-Shack sales increased 7.2%, excluding sales from the 14th week.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “We are pleased with the strength of our fourth quarter results and excited to begin our journey as a public company. Our culture of Enlightened Hospitality has enabled Shake Shack to become a globally beloved brand where all of our stakeholders are rooting for our success. We are witnessing a seismic shift in people’s understanding and expectations of food and, for the last decade, Shake Shack has helped lead the change in consumer behavior through our fine casual approach. We will continue to invest in high quality, premium ingredients that our guests have come to expect from us, while creating a vibrant community gathering place that delivers a meaningful guest experience.”

Garutti continued, “As a result of our successful IPO, we have the financial flexibility to support our robust expansion plans. Near-term, we are targeting at least 10 new domestic company-operated Shacks annually, with the goal of doubling our domestic company-operated store count in three years and tripling our store count in five years. Long-term, we see the potential for at least 450 domestic company-operated Shacks. Our unique and versatile real estate model is built for growth here in the United States and abroad.”

Shake Shack sees FY2015 revenue of $159 - $153 million, versus the consensus of $160.7 million. Same-Shack sales growth in the low single digits. .

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