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SHAK — Shake Shack News Story

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Shake Shack up after profit, revenue beat estimates

BUZZ-Shake Shack up after profit, revenue beat estimates

** Shares of Shake Shack SHAK.N up 1.4% at $67.17 premarket

** The burger chain beats quarterly result estimates on strong demand

** Q2 total revenue rise 17.2% to $417.6 million; analysts on average estimated $417.2 million - data compiled by LSEG

** Q2 adj. EPS of 43 cents beats est. 31 cents

** System-wide sales jump 13.8% y-o-y to $625.8 million

** SHAK opened 16 new co-operated stores, 11 new licensed stores in Q2

** As of last close, SHAK down 18.4% YTD


(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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