BUZZ-Shake Shack rises on quarterly results beat
ReutersFeb 20, 2025 2:56 PM
Updates
Fast food chain Shake Shack's SHAK.N shares up 12.3% at $124.9
Co posts fourth-quarter revenue of $328.7 million, beating analysts' expectations of $328.4 million, according to data compiled by LSEG
SHAK reports Q4 earnings of 26 cents per share, excluding items, topping estimates of 25 cents
Same-store-sales grew 4.3% for the quarter, above expectations of 4.25%
"In 2025, we expect to execute on another great year of mid-teens sales growth," CFO Katie Fogertey says
*"We expect investors to breathe a sigh of relief at Shake Shack’s resilient trends in January despite inclement weather and we reiterate our Outperform rating on Shake Shack," William Blair analyst Sharon Zackfia says
Stock rose 6.8% in 2024
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