Shake Shack (SHAK) rips a gains after guiding for Q4 revenue $203.3M vs. $198.1M consensus and comparable sales growth of +20.8% vs. +17.0% consensus. Read more.
Shake Shack Inc. shares soared 7.5% in Tuesday premarket trading after the burger chain said it expects fourth-quarter and full-year revenue to come in ahead of Street expectations. Fourth-quarter revenue is expected to reach $203.3 million, and same-store sales are expected to rise 20.8%. The FactSet consensus is for revenue of $198.0 million and same-store sales growth of 16.9%. Preliminary fiscal year revenue totaled $739.9 million, also ahead of the FactSet consensus for $734.6 million. "While we are pleased by the fourth quarter, we also saw our operating hours drop in the last week of FY21 and the first two weeks of FY22 as a sharp increase in COVID cases had an impact on our ability to staff and keep all of our restaurants fully open," said Chief Executive Randy Garutti in a statement. "We expect these trends to continue to impact sales in our Company-owned Shacks and our licensed business." Shake Shack is scheduled to present at this week''s ICR Conference. Shake Shack stock has lumped nearly 25% over the last year while the S&P 500 index has gained nearly 23%.

Why Shake Shack Shares Are Rising Today

09:25am, Tuesday, 11'th Jan 2022
Shake Shack Inc (NYSE: SHAK) is trading higher Tuesday morning after the company provided preliminary fourth-quarter and full-year 2021 financial results. Fourth-quarter revenue totaled $203.3 millio
Shake Shack Inc. SHAK, -1.87% shares soared 7.5% in Tuesday premarket trading after the burger chain said it expects fourth-quarter and full-year revenue to come in ahead of Street expectations. Fourt
NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today announced that the Company will be presenting at the 24th Annual ICR Conference. Presenting fro
Despite its high rate of growth, Shake Shack is currently trading below the industry average on a Price-to-Sales multiple.
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Shake Shack Plans Drive-thru Restaurant In New Jersey

09:09pm, Tuesday, 14'th Dec 2021 Business Insider Markets
(RTTNews) - Shake Shack (SHAK) will soon open a drive-thru restaurant in New Jersey. The fast-casual burger joint said that the store will open at Hasbrouck Heights. An opening date is yet to be announced. The Hasbrouck Heights Planning Board had okayed an application for a 2,100-square-foot building with a two-lane drive-thru. It will be at
Brokerages expect Shake Shack Inc. (NYSE:SHAK) to report $198.02 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Shake Shacks earnings. The lowest sales estimate is $194.80 million and the highest is $201.63 million. Shake Shack reported sales of $157.51 million in the same quarter last []
Equities research analysts expect Shake Shack Inc. (NYSE:SHAK) to report ($0.23) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Shake Shacks earnings, with estimates ranging from ($0.30) to ($0.13). Shake Shack posted earnings of ($0.03) per share in the same quarter last year, which would []
Shake Shack''s newest Connecticut location opens Wednesday in the Danbury Fair shopping center.
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Shake Shack Inc. (SHAK) Is A Possible Investment At Current Levels

02:00pm, Saturday, 11'th Dec 2021 Stocks Register
Shake Shack Inc. (NYSE:SHAK) price on Friday, December 10, fall -2.09% below its previous days close as a downside momentum from buyers pushed the stocks value to $75.03. A look at the stocks price movement, the close in the last trading session was $76.63, moving within a range at $74.33 and $79.17. The beta value Shake Shack Inc. (SHAK) Is A Possible Investment At Current Levels Read More »
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