Shake Shack (SHAK) PT Raised to $34 at Morgan Stanley
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Shake Shack Announces Third Quarter 2017 Financial Results
November 1, 2017 4:05 PM EDT- Third Quarter Total Revenue Grew 26.9% to $94.6 Million -
- System-wide Year-Over-Year Unit Growth of 36% -
- Net Income Increased 15.9% and Adjusted EBITDA Grew 19.9% in the Third Quarter -
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 27, 2017, a period that included 13 weeks.
Financial Highlights for the Third Quarter 2017:
Total revenue increased 26.9% to $94.6 million. Shack sales increased 26.8% to $91.1 million. Same-Shack sales decreased... More