Shake Shack Inc. (NYSE:SHAK) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Michael Oriolo – Vice President, FP&A and Investor Relations Rob Lynch – Chief Executive Officer Katie Fogertey – Chief Financial Officer Conference Call Participants Brian Mullan – Piper Sandler Lauren Silberman – Deutsche Bank Brian Vaccaro – Raymond James Michael Tamas – Oppenheimer & Company Andrew Charles – TD Cowen Christine Cho – Goldman Sachs Brian Harbour – Morgan Stanley Peter Saleh – BTIG ...

Profits are jumping. But can the business keep it going?The S&P 500 was dropping on Thursday morning but shareholders of restaurant chain Shake Shack (SHAK 14.38%) might not have noticed. The company reported financial results for the second quarter of 2024 this morning before the stock market opened. And as of 11:30 a.m. ET, Shake Shack stock was up nearly 18%.Growth and profits for the burger chainIn Q2, Shake Shack opened 12 new restaurants that are owned by the company and 11 licensed locations. Between ...

SHAKE === SHACK® Second Quarter 2024 Shareholder Letter GET LOST IN OUR BBQ SAUCE Bite into something tangy-sweet with the Carolina BBQ Burger or keep it classic with our Smoky Classic BBQ Burger. Q2 2024 HIGHLIGHTS BUSINESS OVERVIEW SECOND QUARTER 2024 HIGHLIGHTS: • Total revenue grew 16.4% year-over-year to $316.5m. • Shack sales grew 16.7% year-over-year to $305.5m. • Licensing revenue grew 10.2% year-over-year to $11.0m. • System-wide sales grew 13.5% year-over-year to $483.7m. • Average weekly sales (A ...

Shake Shack (SHAK) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this burger chain would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Shake Shack, which belongs to t ...

Exhibit 99.1 Shake Shack Announces Second Quarter 2024 Financial Results (1) (1) (1) ▪ Total revenue of $316.5 million, up 16.4% versus 2023, including $305.5 million of Shack sales and $11.0 million of Licensing revenue. ▪ System-wide sales of $483.7 million, up 13.5% versus 2023. ▪ Same-Shack sales up 4.0% versus 2023. ▪ Operating income of $10.8 million versus $4.7 million in 2023. • Restaurant-level profit of $67.1 million, or 22.0% of Shack sales. ▪ Net income of $10.4 million versus $7.2 million in 20 ...

Shake Shack Inc. (SHAK) is scheduled to report second-quarter 2024 financial numbers on Aug 1, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 30%.What to Expect?The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at 27 cents, up 50% year over year. In the past 60 days, earnings estimates for the to-be-reported quarter have remained stable. The Zacks Consensus Estimate for revenues is pegged at $314.2 million, sugges ...

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 June 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 August 1, 2024, might help the stock move higher if these key numbers are be ...

Juanmonino/iStock Unreleased via Getty Images Shake Shack Inc. (NYSE:SHAK) is expected to report the company's Q2 results near the 1st of August. While the stock has recently fallen amid a weak short-term industry outlook, Shake Shack still looks to carry a weak risk-to-reward going into the earnings. I previously wrote an article on the company, titled "Shake Shack: Priced With Too Much Growth Anticipation". In the article, published on the 6th of May, I went over Shake Shack's long-term financial profile, ...

Shake Shack (SHAK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a c ...

Shares of Shake Shack Inc. (SHAK) have increased 20.1% year to date against the industry’s decline of 4.5%. The company is benefiting from expansion, marketing innovation and operational efficiencies. Also, focus on digital initiatives bodes well. However, inflationary pressures are a concern.Let’s discuss why investors should retain the stock for the time being.Factors Driving GrowthShake Shak focuses on store openings to effectively strategize its expansion plans. The company is pleased with the sales lev ...