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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%.
Shake Shack
Shake Shack
Shake Shack Revenue by Segment
Revenue by Segment
Shack Sales Revenue
CapyFin.com 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.