Shake Shack rises on quarterly results beat

Shake Shack

20/02/2025 14:56

(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

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))