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Shake Shack (SHAK) Soars on Q1 Earnings Beat, Raises 2016 Outlook

Shake Shack SHAK just released its first quarter fiscal 2016 earnings results, posting earnings of $0.08 per share and revenue of $54.2 million.

Currently, SHAK has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Shake Shack:                                         

1. Beat earnings estimates. The company posted earnings of $0.08 per share (excluding $0.01 from non-recurring items), surpassing the Zacks Consensus Estimate of $0.06 per share and rising 100% year-over-year.

2. Topped revenue estimates. The company saw revenue figures of $54.2 million, edging past our consensus estimate of $53 million.

3. Reported that Same-Shack sales increased 9.9%, and four system-wide openings, including three domestic company-operated Shacks and one international-licensed Shack.

4. Increased 2016 outlook. Total revenues are now expected between $245 million and $249 million (vs. $237 million to $242 million), and Same-Shack sales growth is now between 4-5% (vs. 2.5-3%).

5. SHAK was up $1.74, or 5.08%, to $36.00 as of 4:24 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Shake Shack’s performance over the past year vs. the S&P 500:

 

 

 

 

Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.

Check back later for our full analysis onShake Shack’s first quarter earnings report!

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