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Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
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Shake Shack Fourth-Quarter Sales Meet Expectations Despite Wildfire Hit
Feb 20, 2025 8:48 AM

11:15 AM EST, 02/20/2025 (MT Newswires) -- Shares of Shake Shack ( SHAK ) jumped intraday Thursday after the burger chain reported in-line sales despite taking a hit from the Los Angeles wildfires, while guiding for double-digit top-line growth this year.

Revenue climbed to $328.7 million for the three months ended Dec. 25 from $286.2 million the year earlier, virtually matching the average analyst estimate in a FactSet survey. Adjusted pro forma earnings per share rose to $0.26 in the fourth quarter from $0.02 the year earlier, beating the Street's view by a penny.

Comparable sales rose 4.3% year over year. The company's same-store sales trends held up in January, rising 3.7% despite an impact of roughly 150 basis points to 200 basis points on traffic related to weather and the Los Angeles wildfires.

The restaurant operator had double-digit same-store sales growth in Florida, Georgia and Arizona, according to an investor presentation. Shares of Shake Shack ( SHAK ) rallied 11% in Thursday trade.

Shake Shack ( SHAK ) expects mid-teens sales growth in 2025, Chief Financial Officer Katie Fogertey said in a statement, with the top-line likely reaching $1.45 billion to $1.48 billion. The FactSet consensus is for total revenue of $1.46 billion. The company reported a 15% sales rise in 2024.

Shake Shack ( SHAK ) forecasts roughly 3% same-store sales growth this year, compared with 3.6% in 2024.

"Our guidance for this year and the next three years underscores our confidence in maintaining this trajectory of success," Fogertey said.

For the first quarter, Shake Shack ( SHAK ) guided revenue between $326.5 million and $330.9 million on same-store sales growth of 2.5% to 3.5%. Analysts are expecting revenue of $332.6 million in the ongoing quarter.

Price: 124.13, Change: +12.90, Percent Change: +11.60

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