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Dec 25, 2019
Shake Shack Q4 2019 Earnings Report
Shake Shack's revenue increased, driven by new shack openings and licensing growth, but same-shack sales declined due to decreased guest traffic and less menu innovation.
Key Takeaways
Shake Shack's fourth quarter 2019 total revenue increased by 21.9% to $151.4 million. Shack sales increased by 20.8% to $145.8 million, while licensed revenue increased by 58.6% to $5.6 million. However, same-shack sales decreased by 3.6%. The company opened 12 domestic company-operated Shacks and 8 international licensed Shacks during the quarter.
Total revenue increased by 21.9% to $151.4 million.
Shack sales increased by 20.8% to $145.8 million.
Licensed revenue increased by 58.6% to $5.6 million.
Same-Shack sales decreased 3.6%.
Revenue by Segment
Forward Guidance
The company expects 2020 will be another year of strong unit growth, domestically and internationally, with 40 to 42 new company-operated Shacks and 20 to 25 net new licensed Shacks.
Positive Outlook
- Strong unit growth domestically.
- Strong unit growth internationally.
- 40 to 42 new company-operated Shacks.
- 20 to 25 net new licensed Shacks.
- Focused investments across our digital products.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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