Shake Shack’s Q3 comps climb

Same-store sales at Shake Shack soared in the third quarter, rising 17.1 percent year over year.

Net income at the burger chain rose to $1.5 million, up from $0.5 million during the year-ago quarter, on revenues that increased 67.4 percent, to $53.3 million, Shake Shack reported Thursday.

“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 a statement.

Buoyed by its Q3 sales gains, the chain revised its outlook for the full year, anticipating comps growth in the range of 11 percent to 12 percent.


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