Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
30 January 2015Website:
http://www.shakeshack.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | 21 min agoDividend
Analysts recommendations
Institutional Ownership
SHAK Latest News
Shake Shack's stock has surged over 60% YTD, driven by new locations, increased customer traffic, and improved operating margins despite price hikes. Shares have continued to rally after a strong Q3 earnings print, featuring acceleration in same-store sales growth and a boost in restaurant operating margins. Importantly, the company expects to also lower new build costs due to new store designs, which will come in handy as the company picks up its pace of restaurant openings.
Investors and analysts alike cheered the company's trailing-three-month performance.
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The company looks to close the year out strong, and early reads on 2025 are encouraging.
SHAK's third-quarter 2024 results benefit from its investment in marketing strategies and programs aimed at increasing guest engagement and brand awareness.
While the top- and bottom-line numbers for Shake Shack (SHAK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
Shake Shack Inc. (NYSE:SHAK ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Michael Oriolo - Vice President, FP&A & Investor Relations Rob Lynch - Chief Executive Officer Katie Fogertey - Chief Financial Officer Conference Call Participants Michael Tamas - Oppenheimer & Company Brian Vaccaro - Raymond James Lauren Silberman - Deutsche Bank Christine Cho - Goldman Sachs Brian Mullan - Piper Sandler Andrew Charles - TD Cowen Brian Harbour – Morgan Stanley Sharon Zackfia - William Blair Peter Saleh - BTIG Jake Bartlett - Truist Securities Sara Senatore - Bank of America David Tarantino - Baird Andy Barish - Jefferies Jim Sanderson - Northcoast Research Daniel Guglielmo - Capital One Securities Jeffrey Bernstein - Barclays Rahul Krotthapalli - JPMorgan Operator Greetings. Welcome to Shake Shack's Third Quarter 2024 Earnings Call.
Does Shake Shack (SHAK) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shake Shack's strong performance is driven by its successful value proposition, premium pricing, and consistent comparable sales growth, outperforming QSRs and other fast-casual chains. The company leverages kiosks for upselling, strategic menu price increases, and a robust three-pillar plan to maintain perceived value and drive repeat visits. Shake Shack's expansion strategy includes opening new restaurants with attractive ROI, reducing construction costs, and focusing on international markets with high growth potential.
What type of business is Shake Shack?
Shake Shack Inc. is an American holding company that operates a chain of fast food restaurants. The Shake Shack Inc. restaurant chain offers classic American menu items such as premium burgers, hot dogs, chicken sandwiches, french fries, milkshakes, coffee, ice cream, beer, and other limited and seasonal offerings. All ingredients for the restaurants are sourced from ranch owners, farmers, and other food suppliers who can guarantee high quality products, with all ingredients being 100% natural. The company follows regional sourcing strategies for its products, allowing for maximum freshness to be delivered to the restaurants in minimal time. Shake Shack Inc. was founded in 2004 and is headquartered in New York.
What sector is Shake Shack in?
Shake Shack is in the Consumer Cyclical sector
What industry is Shake Shack in?
Shake Shack is in the Restaurants industry
What country is Shake Shack from?
Shake Shack is headquartered in United States
When did Shake Shack go public?
Shake Shack initial public offering (IPO) was on 30 January 2015
What is Shake Shack website?
https://www.shakeshack.com
Is Shake Shack in the S&P 500?
No, Shake Shack is not included in the S&P 500 index
Is Shake Shack in the NASDAQ 100?
No, Shake Shack is not included in the NASDAQ 100 index
Is Shake Shack in the Dow Jones?
No, Shake Shack is not included in the Dow Jones index
When was Shake Shack the previous earnings report?
No data
When does Shake Shack earnings report?
Next earnings report date is not announced yet