Shake Shack (NYSE:SHAK) posted an earnings update on Tuesday which reflected quarterly and annual revenue essentially in-line with expectations, but same store sales short of estimates.
The company posted $238.5M in total revenue for the fourth quarter, bringing full-year revenue to $900.5M. The numbers narrowly exceeded the analyst consensus for each set at $237.58M and $899.45M, respectively.
Operating profit margin is expected to be approximately 19% in the fourth quarter, bringing full-year operating margin to approximately 17% of sales. Same-store sales rose 5.1% from the Q4 2021 and 7.8% from a full-year comparison. 5.1% in the quarter and 7.8% for the year. Those figures came up short of expectations set at 6.1% for and 8.1%, respectively.
Shares of the New York-based burger chain fell 1.21% in premarket action after posting the update.
The company is expected to present on Tuesday at the ICR Conference in Florida and explain the preliminary report. An official earnings announcement is due for late February.