Shake Shack tumbles on cautious sales outlook, but Wall Street isn't worried [CNBC]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: CNBC
Shares of Shake Shack tumbled more than 6 percent on Friday, the day after the company provided investors with cautious sales guidance for 2018. The company said that it expects same-store sales to be flat in 2018 after a 1.5 percent to 2 percent menu price hike in December. But the burger chain also plans to open 32 to 35 new restaurants in the U.S. in 2018, the largest number of openings in one year in the company's history. We're remaining cautious, CEO Randy Garutti said during an earnings call Thursday. It's been a volatile time for us. We've got our largest class of restaurants coming yet. And, you know, as the industry continues to evolve, we're going to remain cautious in our outlook. By the end of 2020, Garutti said, Shake Shack plans to have more than doubled its locations to 200 in the U.S. with another 120 licensed globally and increase its revenue to over $700 million. Shake Shack said that, on average, its company-operated stores earned $85,000 a we
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News
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at BTIG Research from $120.00 to $125.00. They now have a "buy" rating on the stock.MarketBeat
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- Shake Shack (SHAK) Q1 Earnings Beat Estimates, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE:SHAK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SHAK
Earnings
- 5/2/24 - Beat
SHAK
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- SHAK's page on the SEC website