Shake Shack Just Crushed Expectations During An After-Hours Earnings Call

Shake Shack Earnings

Shake Shack reported its third-quarter earnings results after the closing bell on Thursday, and the company knocked expectations out of the park.

The burger chain reported adjusted earnings per share of $0.12, versus expectations of $0.07 according to Bloomberg.

Same-store sales — at restaurants open for at least one year — were up 17.1%, against estimates of 10.6%.

That isn’t the only good news for the quickly growing burger franchise. Shake Shack raised its guidance for 2015 revenues to a range of $189 million to $190 million. That’s up from $180.1 million.

The company also expected same-store sales to grow between 11% and 12% this year.

“The third quarter marked another strong quarter in terms of same-Shack sales growth, as we continued to execute on our strategic plan and drive engagement with our guests,” CEO Randy Garutti said in the earnings statement.

Shares in after-hours trading rose by 5%. Shares are up approximately 11% from the company’s IPO in February.

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