In a Wednesday interview with CNBC's Jim Cramer, Shake Shack CEO Rob Lynch discussed plans to expand across the country and internationally, suggesting the burger chain fits into a "fine casual" dining niche not occupied by many in the industry. "We have big aspirations, you know. My goal is to bring Shake Shack to the world," Lynch said. "I don't think there is a competitor for Shake Shack. We talk about ourselves as being a part of the fine casual movement; leading the fine casual movement." Nearing ten y ...

The company looks to close the year out strong, and early reads on 2025 are encouraging. Shares of restaurant chain Shake Shack (SHAK 12.77%) were rising on Wednesday after it reported its financial results for the third quarter of 2024. Investors celebrated after digesting the numbers: As of noon ET, Shake Shack stock was up almost 14%, within 1% of the all-time high that it reached back in early 2021. Business is good for Shake Shack In Q3, Shake Shack's revenue was up nearly 15% year over year to $317 mi ...

Shake Shack Inc. (NYSE:SHAK) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Michael Oriolo - Vice President, FP&A & Investor Relations Rob Lynch - Chief Executive Officer Katie Fogertey - Chief Financial Officer Conference Call Participants Michael Tamas - Oppenheimer & Company Brian Vaccaro - Raymond James Lauren Silberman - Deutsche Bank Christine Cho - Goldman Sachs Brian Mullan - Piper Sandler Andrew Charles - TD Cowen Brian Harbour – Morgan Stanley Sharon Zackfia - Wi ...

1 Third Quarter 2024 Shareholder Letter NOW SERVING: BLACK TRUFFLE BURGERS Q3 2024 HIGHLIGHTS BUSINESS OVERVIEW THIRD QUARTER 2024 HIGHLIGHTS: • Total revenue grew 14.7% year-over-year to $316.9m. • Shack sales grew 15.1% year-over-year to $304.9m. • Licensing revenue grew 7.1% year-over-year to $12.0m. • System-wide sales grew 12.8% year-over-year to $495.1m. • Average weekly sales (AWS) was +3% year-over-year at $76k. • Same-Shack sales (SSS) grew 4.4% year-over-year. • Operating loss of $18.0m, inclusive ...

Shake Shack Inc. (SHAK) posted third-quarter fiscal 2024 results, wherein both earnings and revenues beat their respective Zacks Consensus Estimate. The top and bottom lines also increased on a year-over-year basis. Following the results, the company's shares moved up 10% during today's pre-market trading session. In the quarter, the company ramped up its investment in marketing strategies and programs aimed at increasing guest engagement and brand awareness, even amid a challenging market environment. Thes ...

For the quarter ended September 2024, Shake Shack (SHAK) reported revenue of $316.92 million, up 14.7% over the same period last year. EPS came in at $0.25, compared to $0.17 in the year-ago quarter.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $315.09 million. With the consensus EPS estimate being $0.20, the EPS surprise was +25.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

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 ...