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)
Recent news on Shake Shack
See all newsBrief: Shake Shack - To Enter Brazil Via Licensing Partnership With Bold Hospitality Company
U.S. RESEARCH ROUNDUP-Domino's, McDonald's, Starbucks
U.S. STOCKS ON THE MOVE-Best Buy, Peloton, Apple
U.S. STOCKS ON THE MOVE-Qualcomm, Eaton, Howmet Aerospace
U.S. STOCKS ON THE MOVE-Sigma Lithium, Shake Shack, Novartis