Group 1 - The stock of Shake Shack reached a new 52-week high of $95.80, increasing over 50% in the last twelve months [1] - For the last three months of 2023, Shake Shack reported a net income of $6.8 million, a significant improvement from a loss of $8.1 million the previous year [1] - Earnings per share for the last quarter of 2023 increased to a profit of 15 cents from a loss of 20 cents year-over-year [1] Group 2 - Shake Shack's revenue for the last quarter of 2023 was $286.2 million, exceeding expectations of $280.3 million, representing a 20% year-over-year increase [1] - For 2024, Shake Shack anticipates total revenue growth of 11% to 15% and plans to open 80 new restaurants, aiming for nearly 600 locations in total [2] - CEO Randy Garutti highlighted the company's positive traffic and successful sales strategies in the fourth quarter, indicating strong growth and margin expansion for 2024 [2]

Shake Shack Inc.’s stock was rallying by more than 20% in premarket trades on Thursday after the burger chain swung to a fourth-quarter profit and beat analyst estimates. Shake Shack’s stock SHAK rallied by $15.46 to $93.53, its highest level since 2021. The New York-based fast-food chain said it earned $6.77 million, or 15 cents a share in... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a ...

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced the promotion of Michael Kark to the expanded role of President of Global Licensing, effective February 22, 2024. Kark’s new role will increase his strategic leadership and operational responsibilities as Shake Shack continues to rapidly expand its licensing model both domestically and internationally. As President of Global Licensing, Kark will focus on scaling the Company’s international infrastruc ...

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) has posted its results for the fourth quarter and the fiscal year ended December 27, 2023 in a Shareholder Letter in the Quarterly Results section of the Company's Investor Relations website, which can be found here: Q4 2023 Shareholder Letter. Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer. The c ...

Core Viewpoint - Shake Shack Inc. is set to report its fourth-quarter 2023 financial results on February 15, with expectations of breakeven earnings and a revenue increase of 17.3% year-over-year to $279.8 million [1][2]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for fourth-quarter 2023 earnings is breakeven, compared to an adjusted loss per share of 6 cents in the same quarter last year [2]. - Revenue expectations for the quarter are pegged at $279.8 million, indicating a 17.3% growth from the prior-year actual figure [2]. Group 2: Factors Influencing Performance - Shake Shack's performance is anticipated to benefit from strong same-store sales, new store openings, and digital investments aimed at enhancing the customer experience [3]. - The company expects Shack sales to rise by 16.5% year-over-year to $267.9 million, with same-store sales projected to increase by 3.5% [3]. Group 3: Cost Pressures - High costs, particularly for premium ingredients, are likely to negatively impact the company's bottom line, with food and paper costs, labor expenses, and other operating expenses projected to increase by 6%, 3.2%, and 27.6% respectively from the previous year [4]. Group 4: Earnings Prediction Model - The Zacks model indicates that Shake Shack is not likely to beat earnings estimates this quarter, as it has an Earnings ESP of -207.04% and a Zacks Rank of 3 [5].

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Scott OlsonBack in August, I placed a “Hold” rating on Shake Shack (NYSE:SHAK), saying while the company’s long-term outlook looked solid, there were some near-term headwinds it had to deal with first. The stock is up about 10% since then, pretty much in line with the S&P over the same period. Company Profile As a reminder, SHAK owns and licenses its upscale quick service restaurants in the U.S. and international. The company is best known for its high-end burgers, but it also sells other items such as ...

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Core Insights - Shake Shack Inc. (SHAK) has experienced a 24.4% increase in share price over the past three months, outperforming the industry growth of 9.6% [1] - The company is projected to achieve year-over-year growth in earnings and sales of 39% and 15.2%, respectively, for 2024 [1] Growth Drivers - Shake Shack is heavily investing in digital transformation, with digital sales currently accounting for approximately 30% of its business [2] - The company aims to enhance the Kiosk experience through omnichannel adoption and new features, which are expected to improve guest experience and increase average checks [2] - Global same-shack sales have shown robust growth, with increases of 10.3%, 10.1%, 6.3%, and 10.3% in fiscal 2022, and 10.3%, 3%, and 2.3% in the first three quarters of fiscal 2023 [3] - For fiscal 2023, same-shack sales are expected to rise by 4.8% year-over-year [3] - Shake Shack is focusing on culinary innovation and limited-time offerings (LTO) to drive growth, collaborating with celebrity chefs and media companies to enhance brand awareness [4] - The company plans to add approximately 80 units in fiscal 2023, an increase from the previous expectation of 75 units, and anticipates around 40 company-operated openings in fiscal 2024 [4] Concerns - Ongoing inflationary pressures are expected to negatively impact the company's performance, with a significant increase in the price of premium ingredients [6] - Total operating expenses for fiscal 2023 are projected to rise by 15.8% year-over-year to $1.07 billion [6]