Key TakeawaysShake Shack Inc. posted better-than-expected results and gave a strong outlook for this year, sending its shares soaring 26% Thursday.Operating profit margin for Shake Shack was 19.8% for the latest quarter, and the restaurant chain predicts it will be 20% to 21% for this fiscal year.Shake Shack added 24 locations in the quarter, and expects to open 80 more in 2024.Shake Shack Inc.'s (SHAK) shares skyrocketed Thursday as the burger restaurant chain posted better-than-expected earnings for the f ...

ToplineShake Shack’s stock surged Thursday after the burger chain smashed expectations for its quarterly financial results, sending its shares to their priciest level in more than two years.Shake Shack stock popped Thursday.UCG/Universal Images Group via Getty Images Key FactsShake Shack’s stock popped as much as 26% to $98.67 in Thursday trading in the wake of its fourth-quarter earnings report. The rally sent Shake Shake shares to their highest intraday level since Nov. 5, 2021, and Thursday is on track ...

Shares of burger chain Shake Shack (SHAK 21.40%) skyrocketed on Thursday after the company reported financial results for the fourth quarter of 2023. While other restaurant chains struggle with lackluster restaurant traffic, Shake Shack is encouragingly gaining ground. And this is a big reason that Shake Shack stock was up a whopping 23% as of noon ET and hitting 52-week highs.People are going to Shake ShackShake Shack is a burger chain with a little more than 500 locations worldwide. And whereas many other ...

Shake Shack Inc. (NYSE:SHAK) Q4 2023 Earnings Conference Call February 15, 2024 8:00 AM ET Company Participants Michael Oriolo - Senior Director, FP&A & IR Randy Garutti - CEO Katie Fogertey - CFO Conference Call Participants Brian Vaccaro - Raymond James Sharon Zackfia - William Blair Brian Mullan - Piper Sandler Sara Senatore - Bank of America Michael Tamas - Oppenheimer Andrew Charles - TD Cowen Jake Bartlett - Truist Securities Peter Saleh - BTIG Brian Harper - Morgan Stanley David Tarantino - Baird Jef ...

For the quarter ended December 2023, Shake Shack (SHAK) reported revenue of $286.24 million, up 20% over the same period last year. EPS came in at $0.02, compared to -$0.06 in the year-ago quarter. ...

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].