Shake Shack Q3 Figures
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The premium fast-casual restaurant chain from New York, announced its quarterly figures on November 4. In the process, revenue grew +48.7% (vs. Q3 2020) to $194 million, with a loss of -$0.05/share. Thus, revenue missed analyst estimates by -1.8%, whereas profit was right on expectations. For the 4th quarter, a revenue forecast of $193.5 - $200 million, as well as growth in terms of "same-shack sales" (compared to 2020) of between 15-20% was envisaged. For the coming year, approximately 63 new store openings are planned, of which about 25 will be franchise-based stores.