Shake Shack raises FY19 revenue view to $592M-$597M from $585M-$590M
Consenesus $599.65M. Lowers FY19 Same-Shack sales growth view to approximately 1.5% from approximately 2% and raises licensed Shack openings, net view to 24-28 from 18-20. Still sees domestic company-operated Shack openings of 38-40. CEO Randy Garutti said, "This has been the biggest development year in Shack history as we've grown our presence around the country and internationally in the new markets of Mainland China, Singapore, the Philippines and Mexico. In 2020, we will continue to expand even further within key domestic and international markets. Overall, we continue to execute this year's plan while gearing up for the key strategic initiatives of 2020. We'll be focused more than ever on putting our people first, simplifying and supporting our operations, and enhancing our winning guest experience."