Shake Shack (SHAK) Tops Q3 EPS by 8c; Comps Fall 0.7%
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Shake Shack Announces Third Quarter 2018 Financial Results
November 1, 2018 4:05 PM EDT- Total Revenue Grew 26.5% to $119.6 Million -
- System-wide Year-Over-Year Unit Growth of 31% -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK) today reported its financial results for the third quarter ended September26, 2018, a period that included 13 weeks.
Financial Highlights for the Third Quarter 2018:
Total revenue increased 26.5% to $119.6 million. Shack sales increased 27.2% to $115.9 million. Same-Shack sales decreased 0.7%. Operating income was $9.3 million, or 7.8% of total revenue, which... More