Shake Shack Stock Pops After Strong Sales and Guidance

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 ...