Shake Shack (SHAK) Q4 Earnings Beat Estimates, Revenues Lag
Zacks Investment Research | Feb 24, 2020 08:42PM ET
Shake Shack Inc. (NYSE:SHAK) reported mixed fourth-quarter 2019 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Decline in guest traffic and significant volatility in the delivery channel in 2020 hurt investors' sentiment. Post the results, shares of the company dropped nearly 13% in after-hours trading on Feb 24.
Adjusted earnings of 6 cents per share compared favorably with the Zacks Consensus Estimate of a loss of a penny but were flat year over year.
Total revenues of $151.4 million in the reported quarter missed the Zacks Consensus Estimate of $153.1 million. However, the top line increased 21.9% year over year. Rise in Shack sales and licensing revenues drove the company’s top line.
Shake Shack, Inc. Price, Consensus and EPS Surprise
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