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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$356.50 mln
$354.10 mln (21 Analysts)
Q2 Adjusted EPS
Beat
$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.)