Shake Shack Inc. (SHAK) posted third-quarter fiscal 2024 results, wherein both earnings and revenues beat their respective Zacks Consensus Estimate. The top and bottom lines also increased on a year-over-year basis. Following the results, the company's shares moved up 10% during today's pre-market trading session. In the quarter, the company ramped up its investment in marketing strategies and programs aimed at increasing guest engagement and brand awareness, even amid a challenging market environment. Thes ...

For the quarter ended September 2024, Shake Shack (SHAK) reported revenue of $316.92 million, up 14.7% over the same period last year. EPS came in at $0.25, compared to $0.17 in the year-ago quarter.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $315.09 million. With the consensus EPS estimate being $0.20, the EPS surprise was +25.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Shake Shack (SHAK) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this burger chain would post earnings of $0.27 per share when it actually produced earnings of $0.27, delivering no surprise. Over the last four quarters, the company has surpa ...

Exhibit 99.1 Shake Shack Announces Third Quarter 2024 Financial Results (1) (1) (1) ▪ Total revenue of $316.9 million, up 14.7% versus 2023, including $304.9 million of Shack sales and $12.0 million of Licensing revenue. ▪ System-wide sales of $495.1 million, up 12.8% versus 2023. ▪ Same-Shack sales up 4.4% versus 2023. ▪ Operating loss of $18.0 million, inclusive of a $29.1 million charge for Impairments, loss on disposal of assets, and Shack closures, versus operating income of $5.7 million in 2023. • Res ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

The market expects Shake Shack (SHAK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers ...

It’s really no exaggeration to say that Shake Shack (NYSE: SHAK ) is riding the wave of fast-food inflation. That seems like a cliché when looking at the fast-casual segment, but theI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a solid background in Business Administration and Accounting. I also have an MBA in Forensic Accounting and Controllership.As the founder of Goulart's Restaurant Stocks, I lead a company that excels at analyzing restaurant stocks in the US market. Our a ...

Shares of Shake Shack Inc. (SHAK) have increased 48.4% year to date compared with the industry’s 4.8% growth. The company is benefiting from menu innovation, digital Initiatives and unit expansion efforts. Also, focus on cost-saving measures bodes well. However, inflationary pressures are a concern.Growth Drivers for SHAK StockShake Shack’s premium product offering, featuring high-quality ingredients and innovative menu items, has been a cornerstone of its success. Despite a market shift toward value-orient ...

Shake Shack will shutter six underperforming California locations — the latest fast food chain to close restaurants after the state enacted its controversial $20 minimum wage. The burger chain, which will close nine Shake Shacks overall, said the move was a result of a periodic evaluation of its portfolio of company-operated units, according to a filing with the Securities and Exchange Commission on Tuesday.“These Shacks are not projected to provide acceptable returns in the foreseeable future,” the filing ...

SeanPavonePhoto/iStock Editorial via Getty Images Despite the threat of a looming recession, 2024 has been a successful year in the stock market for many fast-casual restaurant brands. Shake Shack (NYSE:SHAK), the burger concept invented by Michelin-lauded restauranteur and chef Danny Meyer, is no exception. Year to date, Shake Shack stock has rallied more than 40%, energized by new leadership as the company brought on the former CEO of Papa John's Pizza to lead the company. Data by YCharts Shake Shack ...