- Q3 same-shack sales up 2.9% Y/Y. Shack-level operating profit up 32.6% to $20.7M, or 28.8% of sales. Adjusted EBITDA up 26.3% to $15.2M; adjusted pro forma EPS up 25.1% to $0.15.
- Ten system-wide Shack openings during quarter. Management expects to open 19 (from 18 previously) for the year and 21-22 next year. They also note an expansion of the company's mobile-ordering app to two more locations.
- Full-year revenue outlook is boosted to $264M-$265M from $253M-$256M; same-shack sales growth of 4-5%.
- 2017 revenue guidance of $348M-$352M with same-shack sales growth of 2-3%, which includes 1.5-2% of price increases to take place early next year; shack-level operating profit margin of 26.5-27.5%.
- SHAK +15.1%
- Shake Shack Earnings Center
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Shake Shack shorts fried after strong quarter
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