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Shake Shack (SHAK) Posts Robust Q4 Preliminary Sales, Stock Up
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Shake Shack Inc. (SHAK - Free Report) reported robust preliminary sales for the fourth quarter of fiscal 2022. Following the news, SHAK shares rose 6.3%. In the past six months, the stock has risen 29.7% compared with the industry’s growth of 15%.
Q4 Preliminary Results
Total revenues in fourth-quarter fiscal 2022 rose 17.3% year over year to $238.5 million. In third-quarter fiscal 2022, total revenues had increased 17.5% year over year.
Moreover, Shack sales jumped 17.4% year over year to $229.9 million in the quarter under review. In third-quarter fiscal 2022, Shack sales had risen 17.4% year over year.
Same-Shack sales rose 5.1% year over year in the fiscal fourth quarter. In third-quarter fiscal 2022, same-Shack sales had increased 6.3% year over year.
Licensed revenues in fourth-quarter fiscal 2022 increased 16.2% year over year to $8.6 million.
During the quarter, the company opened 22 new domestic company-operated Shacks, taking the count to 36 during fiscal 2022.
Image Source: Zacks Investment Research
Fiscal 2022 Preliminary Results
In fiscal 2022, total revenues increased 21.7% year over year to $900.5 million. Moreover, Shack sales increased 21.6% year over year to $869.3 million. Same-Shack sales rose 7.8% year over year.
Licensed revenues in fiscal 2022 came in at $31.2 million.
Currently, Shake Shack carries a Zacks Rank #3 (Hold).
Tecnoglass currently sport a Zacks Rank #1 (Strong Buy). Shares of the company have gained 34.8% in the past year.
The Zacks Consensus Estimate for TGLS’ 2023 sales and EPS suggests growth of 11.2% and 9%, respectively, from the year-ago period’s reported levels.
Wingstop currently carries a Zacks Rank #2 (Buy). WING has a long-term earnings growth rate of 12%. Shares of WING have lost 14.2% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Wingstop’s 2023 sales and EPS suggests growth of 18.4% and 16.1%, respectively, from the year-ago period’s reported levels.
Domino's currently carries a Zacks Rank #2. DPZ has a long-term earnings growth rate of 12.6%. Shares of DPZ have gained 31.9% in the past year.
The Zacks Consensus Estimate for Domino's s 2023 sales and EPS suggests growth of 3.8% and 17.2%, respectively, from the year-ago period’s reported levels.
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Shake Shack (SHAK) Posts Robust Q4 Preliminary Sales, Stock Up
Shake Shack Inc. (SHAK - Free Report) reported robust preliminary sales for the fourth quarter of fiscal 2022. Following the news, SHAK shares rose 6.3%. In the past six months, the stock has risen 29.7% compared with the industry’s growth of 15%.
Q4 Preliminary Results
Total revenues in fourth-quarter fiscal 2022 rose 17.3% year over year to $238.5 million. In third-quarter fiscal 2022, total revenues had increased 17.5% year over year.
Moreover, Shack sales jumped 17.4% year over year to $229.9 million in the quarter under review. In third-quarter fiscal 2022, Shack sales had risen 17.4% year over year.
Same-Shack sales rose 5.1% year over year in the fiscal fourth quarter. In third-quarter fiscal 2022, same-Shack sales had increased 6.3% year over year.
Licensed revenues in fourth-quarter fiscal 2022 increased 16.2% year over year to $8.6 million.
During the quarter, the company opened 22 new domestic company-operated Shacks, taking the count to 36 during fiscal 2022.
Image Source: Zacks Investment Research
Fiscal 2022 Preliminary Results
In fiscal 2022, total revenues increased 21.7% year over year to $900.5 million. Moreover, Shack sales increased 21.6% year over year to $869.3 million. Same-Shack sales rose 7.8% year over year.
Licensed revenues in fiscal 2022 came in at $31.2 million.
Currently, Shake Shack carries a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the Zacks Retail-Wholesale sector are Tecnoglass Inc. (TGLS - Free Report) , Wingstop Inc. (WING - Free Report) , and Domino's Pizza, Inc. (DPZ - Free Report) .
Tecnoglass currently sport a Zacks Rank #1 (Strong Buy). Shares of the company have gained 34.8% in the past year.
The Zacks Consensus Estimate for TGLS’ 2023 sales and EPS suggests growth of 11.2% and 9%, respectively, from the year-ago period’s reported levels.
Wingstop currently carries a Zacks Rank #2 (Buy). WING has a long-term earnings growth rate of 12%. Shares of WING have lost 14.2% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Wingstop’s 2023 sales and EPS suggests growth of 18.4% and 16.1%, respectively, from the year-ago period’s reported levels.
Domino's currently carries a Zacks Rank #2. DPZ has a long-term earnings growth rate of 12.6%. Shares of DPZ have gained 31.9% in the past year.
The Zacks Consensus Estimate for Domino's s 2023 sales and EPS suggests growth of 3.8% and 17.2%, respectively, from the year-ago period’s reported levels.