=Shake Shack (SHAK) reported earnings on Thur 2 Aug 2018 (a/h)

Shake Shack beats by $0.11, beats on revs; reaffirms FY18 revs guidance; Q2 comps +1.1%; reaffirms FY18 comp guidance 

• Reports Q2 (Jun) earnings of $0.29 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.18; revenues rose 27.4% year/year to $116.3 mln vs the $110.7 mln Capital IQ Consensus. Same-Shack sales increased 1.1%.
• Co reaffirms guidance for FY18, sees FY18 revs of $446-450 mln vs. $452.15 mln Capital IQ Consensus Estimate.  Same-Shack sales of 0% to 1% year over year (reaffirmed from last year). Between 32 and 35 new domestic company-operated Shacks to be opened in fiscal 2018. Between 16 and 18 net new licensed Shacks to be opened in fiscal 2018.