Shake Shack doesn't expect much same-store sales growth this year

Hollis Johnson/Business InsiderA Shake Shack burger.
  • Shake Shack shares were volatile in after-hours trading Monday after the restaurant chain reported fourth-quarter results.
  • While the company reported fourth-quarter profits that topped analysts’ expectations, it issued flat to slightly higher sales guidance for this year.
  • Watch Shake Shack trade live.

Shake Shack shares were volatile in after-hours trading Monday after the burger chain reported fourth-quarter results.

Here’s what Shake Shack reported, compared to what analysts surveyed by Bloomberg expected.

  • Adjusted earnings of $US0.06 a share, versus $US0.03 expected.
  • Revenue of $US124.3 million, versus $US119.2 million expected.
  • Comparable sales rose by 2.3%, versus a 1.2% decline expected.

The New York-based company said it sees comparable same-store sales growth of between 0% and 1%, which includes about 1.5% of menu price increases put into effect last December.

Shake Shack defines its same-store sales as the number of domestic, company-operated stores open for 24 full fiscal months or longer. Last year, comparable sales grew by 1%.

As far as plans for new locations go, the company said it expects between 36 and 40 new domestic company-operated locations to open in the fiscal year 2019.

Shake shack was up 17% this year.

Shake Shack shares.Markets InsiderShake Shack shares.

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