Shake Shack Inc. reiterated earnings guidance for the Fourth Quarter and Fiscal Year 2023. For the quarter, the company expects Total revenue of $276.25 million to $281.75 million, including Licensing revenue of $10.25 million to $10.75 million. Sales to be up low-single digits year-over-year and operating profit margin of approximately 19.0%.

For the year, the company expects Total revenue of approximately $1.08 billion, growing about 20% year-over-year, including Licensing revenue of $40.5 million to $41.0 million, Sales to grow by mid-single digits year-over-year and operating profit margin of 19.7% to 20%, approximately 220 to 250 basis points improvement year-over-year.