Shake Shack Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the fourth quarter, the company expects total revenue of $276.25 million to $281.75 million with $10.25 million to $10.75 million of licensing revenue, approximately 14 company-operated openings, approximately 5 licensed Shack openings and for same-Shack sales to be up low single digits year-over-year with low single-digit menu price and relatively consistent mix trends in the fourth quarter as had in the third.

For the full year, the company expects total revenue of approximately $1.08 billion, growing about 20% year-over-year, same-Shack sales to grow by mid-single digits with high single-digit price.