Analysts Expect Shake Shack to Maintain Revenue Growth in 2019

Shake Shack’s (SHAK) revenue rose by 27.6% to $335.0 million in the first three quarters of 2018. The revenue growth was largely driven by the addition of 17 new company-owned restaurants and 12 franchised restaurants. For 2018, Shake Shack’s management has set revenue guidance to be in the range of $450 million–$452 million. The management expects to add 33–34 company-owned restaurants and 14–16 franchised restaurants in 2018, while its SSSG is forecasted to be in the range of 0%-1%.