Shake Shack(US:SHAK) ZACKSยท2024-10-30 14:35Core Insights - Shake Shack reported revenue of $316.92 million for the quarter ended September 2024, reflecting a year-over-year increase of 14.7% and a surprise of +0.58% over the Zacks Consensus Estimate of $315.09 million [1] - The earnings per share (EPS) for the quarter was $0.25, compared to $0.17 in the same quarter last year, resulting in an EPS surprise of +25.00% against the consensus estimate of $0.20 [1] Financial Performance Metrics - Same-Shack sales growth was 4.4%, exceeding the 11-analyst average estimate of 3.4% [3] - System-wide Shack counts were 552, slightly below the average estimate of 557 by 11 analysts [3] - Domestic company-operated Shack counts were 310, compared to the average estimate of 314 [3] - Licensed Shack counts totaled 242, close to the average estimate of 243 [3] - Domestic licensed Shack counts were 42, slightly above the average estimate of 41 [3] - International licensed Shack counts were 200, just below the average estimate of 202 [3] - Average weekly sales reached $76, surpassing the average estimate of $74.54 [3] - Revenue from Shack sales was $304.90 million, exceeding the average estimate of $303.40 million and representing a +15.1% change year-over-year [3] - Revenue from licensing was $12.03 million, above the average estimate of $11.90 million, marking a +7.1% year-over-year change [3] - Shack system-wide sales amounted to $495.10 million, exceeding the average estimate of $492.53 million and reflecting a +12.8% change year-over-year [3] Stock Performance - Shake Shack shares have returned +11.7% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]