Shake Shack (SHAK) Tops Q4 EPS by 6c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus
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Shake Shack Announces Fourth Quarter and Fiscal Year 2019 Financial Results
February 24, 2020 4:05 PM EST- Fourth Quarter Total Revenue Grew 21.9% -
- Fiscal 2019 Total Revenue Grew 29.4% -
- Fiscal 2019 Same-Shack Sales Increased 1.3% -
- System-wide Year-Over-Year Unit Growth of 32% -
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (Shake Shack or the Company) (NYSE: SHAK), today reported financial results for the fourth quarter and the fiscal year ended December 25, 2019, periods that included 13 and 52 weeks, respectively.
Financial Highlights for the Fourth Quarter 2019:
Total revenue increased 21.9% to $151.4 million. Shack sales increased 20.8% to $145.8... More