Shake Shack Stock Jumps 26% on Strong Earnings, Outlook
Shake Shack(SHAK) Investopedia·2024-02-15 21:15Key TakeawaysShake Shack Inc. posted better-than-expected results and gave a strong outlook for this year, sending its shares soaring 26% Thursday.Operating profit margin for Shake Shack was 19.8% for the latest quarter, and the restaurant chain predicts it will be 20% to 21% for this fiscal year.Shake Shack added 24 locations in the quarter, and expects to open 80 more in 2024.Shake Shack Inc.'s (SHAK) shares skyrocketed Thursday as the burger restaurant chain posted better-than-expected earnings for the f ...