Shake Shack Inc. (SHAK) posted decent second-quarter fiscal 2024 results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same. The top and the bottom line increased on a year-over-year basis. During the quarter, the company benefited from product innovations, strategic menu pricing, technology implementations and promotions.Looking ahead, SHAK is committed to achieving efficiency across regions and formats by utilizing drive-throughs and third-party delivery. The company plans t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☑ EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission file number: 001-36823 SHAKE SHACK INC. (Exact name of registrant as specified in its charter) Delaware 47-1941186 (State or other ...

The broader stock market is causing investors a little pain to start the month of August, as the S&P 500 is declining by as much as 0.75%. The NASDAQ is lowering by over 1%, despite the Federal Reserve (the Fed) announcing that an interest rate cut is on the table for September 2024 and the CME’s FedWatch tool pricing in an over 90% probability of this happening; markets are selling off.Shake Shack TodaySHAKShake Shack$102.41 +14.79 (+16.88%) 52-Week Range$52.79▼$111.29P/E Ratio186.20Price Target$99.26Add t ...

Key TakeawaysShake Shack beat quarterly profit and sales estimates on higher prices.The burger-and-milkshake chain reported same-store sales up 4%, higher than expected.Shake Shack predicted it would have positive free cash flow for the year, the first time since 2017. Shake Shack (SHAK) shares skyrocketed after the company posted better-than-anticipated results and gave an upbeat forecast as it benefited from higher prices.  The burger-and-milkshake chain reported second-quarter adjusted earnings per share ...

Shake Shack Inc. (NYSE:SHAK) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Michael Oriolo – Vice President, FP&A and Investor Relations Rob Lynch – Chief Executive Officer Katie Fogertey – Chief Financial Officer Conference Call Participants Brian Mullan – Piper Sandler Lauren Silberman – Deutsche Bank Brian Vaccaro – Raymond James Michael Tamas – Oppenheimer & Company Andrew Charles – TD Cowen Christine Cho – Goldman Sachs Brian Harbour – Morgan Stanley Peter Saleh – BTIG ...

Profits are jumping. But can the business keep it going?The S&P 500 was dropping on Thursday morning but shareholders of restaurant chain Shake Shack (SHAK 14.38%) might not have noticed. The company reported financial results for the second quarter of 2024 this morning before the stock market opened. And as of 11:30 a.m. ET, Shake Shack stock was up nearly 18%.Growth and profits for the burger chainIn Q2, Shake Shack opened 12 new restaurants that are owned by the company and 11 licensed locations. Between ...

SHAKE === SHACK® Second Quarter 2024 Shareholder Letter GET LOST IN OUR BBQ SAUCE Bite into something tangy-sweet with the Carolina BBQ Burger or keep it classic with our Smoky Classic BBQ Burger. Q2 2024 HIGHLIGHTS BUSINESS OVERVIEW SECOND QUARTER 2024 HIGHLIGHTS: • Total revenue grew 16.4% year-over-year to $316.5m. • Shack sales grew 16.7% year-over-year to $305.5m. • Licensing revenue grew 10.2% year-over-year to $11.0m. • System-wide sales grew 13.5% year-over-year to $483.7m. • Average weekly sales (A ...

Shake Shack (SHAK) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this burger chain would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Shake Shack, which belongs to t ...

Exhibit 99.1 Shake Shack Announces Second Quarter 2024 Financial Results (1) (1) (1) ▪ Total revenue of $316.5 million, up 16.4% versus 2023, including $305.5 million of Shack sales and $11.0 million of Licensing revenue. ▪ System-wide sales of $483.7 million, up 13.5% versus 2023. ▪ Same-Shack sales up 4.0% versus 2023. ▪ Operating income of $10.8 million versus $4.7 million in 2023. • Restaurant-level profit of $67.1 million, or 22.0% of Shack sales. ▪ Net income of $10.4 million versus $7.2 million in 20 ...

Shake Shack Inc. (SHAK) is scheduled to report second-quarter 2024 financial numbers on Aug 1, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 30%.What to Expect?The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at 27 cents, up 50% year over year. In the past 60 days, earnings estimates for the to-be-reported quarter have remained stable. The Zacks Consensus Estimate for revenues is pegged at $314.2 million, sugges ...