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SHAK — Shake Shack News Story

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Restaurant chain Shake Shack's Q2 profit, sales tops estimates

Overview

Shake Shack Q2 revenue rises 12.6% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, reflecting strong operational performance

Co opened 13 new company-operated Shacks, including two drive-thrus

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

REVENUE GROWTH - Total revenue increased 12.6% yr/yr, driven by Shack sales and licensing revenue

NEW OPENINGS - Co opened 13 new company-operated Shacks, including two drive-thrus, contributing to growth

OPERATING INCOME - Operating income more than doubled to $22.4 mln, reflecting improved profitability

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$356.50 mln$354.10 mln (21 Analysts)
Q2 Adjusted EPSBeat$0.44$0.38 (22 Analysts)
Q2 EPS$0.41
Q2 Adjusted Net Income$19.50 mln
Q2 Net Income$18.50 mln
Q2 Adjusted EBITDA$58.90 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the restaurants & bars peer group is "buy" Wall Street's median 12-month price target for Shake Shack Inc is $139.50, about 1% below its July 30 closing price of $140.91 The stock recently traded at 89 times the next 12-month earnings vs. a P/E of 65 three months ago Press Release: ID:nBw46nnLNa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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