Core Insights - Shake Shack Inc. reported strong third-quarter fiscal 2024 results, with both earnings and revenues exceeding Zacks Consensus Estimates, leading to a 10% increase in share price during pre-market trading [1][3]. Financial Performance - Adjusted earnings per share (EPS) for the third quarter were 25 cents, surpassing the consensus estimate of 20 cents, and up from 17 cents in the prior-year quarter [3]. - Quarterly revenues reached $316.9 million, beating the consensus mark of $315 million, and reflecting a year-over-year increase of 14.7% [3]. - Same-Shack sales grew by 4.4% year over year, compared to 4% growth in the previous quarter, with estimates initially set at 2% [3]. - Shack sales rose 15.1% year over year to $304.9 million, exceeding expectations of $302.6 million [4]. - Licensing revenues increased by 7.1% year over year to $12 million, surpassing the anticipated $11.9 million [4]. - Total expenses for the quarter were $334.9 million, higher than the previous year's $270.6 million and above the estimate of $306.5 million [6]. - Adjusted EBITDA for the quarter was $45.8 million, up from $35.8 million in the year-ago quarter, with an adjusted EBITDA margin expansion of 140 basis points to 14.4% [6]. Operational Highlights - The company experienced an operating loss of $18 million, compared to a gain of $5.7 million in the prior-year quarter [5]. - Restaurant-level profit margin was reported at 21%, an increase of 60 basis points year over year [5]. - Food and paper costs as a percentage of revenues decreased by 90 basis points to 28.2%, while labor costs contracted by 80 basis points to 28% [5]. Balance Sheet - As of September 25, 2024, cash and cash equivalents totaled $310.9 million, up from $224.7 million as of December 27, 2023 [7]. - Total long-term debt was reported at $246.4 million, slightly up from $245.6 million as of December 27, 2023 [7]. Future Outlook - For the fourth quarter of fiscal 2024, the company expects total revenues between $322.6 million and $327 million, with licensing revenues projected between $11.6 million and $12 million [8]. - For the full fiscal 2024, revenues are anticipated to reach $1.25 billion, with licensing revenues expected between $44.6 million and $45 million [9]. - The company projects restaurant-level profit margins to reach 21% for the fiscal year, with adjusted EBITDA expected in the range of $168 million to $170 million [9]. - Approximately 45 company-operated openings and 35-40 licensed Shack openings are anticipated in fiscal 2024 [10].

Core Insights - Shake Shack reported revenue of $316.92 million for the quarter ended September 2024, reflecting a year-over-year increase of 14.7% and a surprise of +0.58% over the Zacks Consensus Estimate of $315.09 million [1] - The earnings per share (EPS) for the quarter was $0.25, compared to $0.17 in the same quarter last year, resulting in an EPS surprise of +25.00% against the consensus estimate of $0.20 [1] Financial Performance Metrics - Same-Shack sales growth was 4.4%, exceeding the 11-analyst average estimate of 3.4% [3] - System-wide Shack counts were 552, slightly below the average estimate of 557 by 11 analysts [3] - Domestic company-operated Shack counts were 310, compared to the average estimate of 314 [3] - Licensed Shack counts totaled 242, close to the average estimate of 243 [3] - Domestic licensed Shack counts were 42, slightly above the average estimate of 41 [3] - International licensed Shack counts were 200, just below the average estimate of 202 [3] - Average weekly sales reached $76, surpassing the average estimate of $74.54 [3] - Revenue from Shack sales was $304.90 million, exceeding the average estimate of $303.40 million and representing a +15.1% change year-over-year [3] - Revenue from licensing was $12.03 million, above the average estimate of $11.90 million, marking a +7.1% year-over-year change [3] - Shack system-wide sales amounted to $495.10 million, exceeding the average estimate of $492.53 million and reflecting a +12.8% change year-over-year [3] Stock Performance - Shake Shack shares have returned +11.7% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]

Shake Shack (SHAK) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this burger chain would post earnings of $0.27 per share when it actually produced earnings of $0.27, delivering no surprise. Over the last four quarters, the company has surpa ...

Exhibit 99.1 Shake Shack Announces Third Quarter 2024 Financial Results (1) (1) (1) ▪ Total revenue of $316.9 million, up 14.7% versus 2023, including $304.9 million of Shack sales and $12.0 million of Licensing revenue. ▪ System-wide sales of $495.1 million, up 12.8% versus 2023. ▪ Same-Shack sales up 4.4% versus 2023. ▪ Operating loss of $18.0 million, inclusive of a $29.1 million charge for Impairments, loss on disposal of assets, and Shack closures, versus operating income of $5.7 million in 2023. • Res ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

The market expects Shake Shack (SHAK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers ...

It’s really no exaggeration to say that Shake Shack (NYSE: SHAK ) is riding the wave of fast-food inflation. That seems like a cliché when looking at the fast-casual segment, but theI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a solid background in Business Administration and Accounting. I also have an MBA in Forensic Accounting and Controllership.As the founder of Goulart's Restaurant Stocks, I lead a company that excels at analyzing restaurant stocks in the US market. Our a ...

Shares of Shake Shack Inc. (SHAK) have increased 48.4% year to date compared with the industry’s 4.8% growth. The company is benefiting from menu innovation, digital Initiatives and unit expansion efforts. Also, focus on cost-saving measures bodes well. However, inflationary pressures are a concern.Growth Drivers for SHAK StockShake Shack’s premium product offering, featuring high-quality ingredients and innovative menu items, has been a cornerstone of its success. Despite a market shift toward value-orient ...

Shake Shack will shutter six underperforming California locations — the latest fast food chain to close restaurants after the state enacted its controversial $20 minimum wage. The burger chain, which will close nine Shake Shacks overall, said the move was a result of a periodic evaluation of its portfolio of company-operated units, according to a filing with the Securities and Exchange Commission on Tuesday.“These Shacks are not projected to provide acceptable returns in the foreseeable future,” the filing ...

SeanPavonePhoto/iStock Editorial via Getty Images Despite the threat of a looming recession, 2024 has been a successful year in the stock market for many fast-casual restaurant brands. Shake Shack (NYSE:SHAK), the burger concept invented by Michelin-lauded restauranteur and chef Danny Meyer, is no exception. Year to date, Shake Shack stock has rallied more than 40%, energized by new leadership as the company brought on the former CEO of Papa John's Pizza to lead the company. Data by YCharts Shake Shack ...