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. ...

With Thursday morning's gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months.Here's how the company performed during the period, compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 2 cents vs. 1 cent expectedRevenue: $286.2 million vs. $280.3 million expectedFor the last three months of 2023, Shake Shack reported a net income of $6.8 million, up from a loss of 8.1 million the year prior. Earnings per share increased to a 15-ce ...

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 ...

Shake Shack Inc. (SHAK) is scheduled to report fourth-quarter 2023 financial numbers on Feb 15, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 88.9%.What to Expect?The Zacks Consensus Estimate for fourth-quarter 2023 earnings is pegged at breakeven. In the prior-year quarter, it reported an adjusted loss per share of 6 cents. The Zacks Consensus Estimate for revenues is pegged at $279.8 million, suggesting 17.3% growth from the prior-y ...

Key PointsThere is a money shift coming; the consumer sector is threatened by the rise and break out of the manufacturing space.Two restaurant stocks bring the tale of two cities. New and unchartered growth versus steady tested returns.Markets - and analysts - have sent their votes, and here is who won.5 stocks we like better than CME GroupThis isn't the stock market you got used to seeing during the past three years when the FED's stimulus in response to the negative effects of the COVID-19 pandemic sparke ...

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 ...