=Shake Shack (SHAK) reported earnings on Mon 4 Nov 19 (a/h)

Shake Shack beats by $0.05, reports revs in-line; increases FY19 revs, lowers same-Shack sales growth guidance

Reports Q3 (Sep) earnings of $0.26 per share, $0.05 better than the S&P Capital IQ Consensus of $0.21; revenues rose 31.9% year/year to $157.76 mln vs the $157.45 mln S&P Capital IQ Consensus. Same-Shack sales increased 2.0%. Licensed revenue increased 43.3% to $5.4 million. Adjusted EBITDA, a non-GAAP measure, increased 9.1% to $23.3 million. 

Co sees FY19 revs of $592-597 mln, prior $585-590 mln vs. $599.59 mln S&P Capital IQ Consensus; Same-Shack sales growth of 1.5% (prior ~2%)

Preliminary 2020 Outlook: For the fiscal year ending December 30, 2020, the Company is providing the following preliminary outlook: Between 40 and 42 new domestic company operated Shacks to be opened in fiscal 2020. Between 20 and 25, net new licensed Shacks to be opened in fiscal 2020.