Shake Shack Q1 Outlook: Revenue $288.4M-$292.8M Vs. $289.8M Estimate, Shake Shack Level Operating Margin 19%-19.50%
Portfolio Pulse from Benzinga Newsdesk
Shake Shack provided its Q1 outlook, projecting revenues between $288.4M and $292.8M, which brackets the analyst estimate of $289.8M. The company also anticipates an operating margin of 19% to 19.5%.
February 15, 2024 | 12:19 pm
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NEUTRAL IMPACT
Shake Shack's Q1 revenue outlook aligns closely with analyst estimates, with an anticipated operating margin of 19% to 19.5%.
Shake Shack's Q1 revenue projections closely match analyst expectations, suggesting a neutral to slightly positive short-term impact on the stock. The operating margin forecast indicates efficient cost management, potentially reassuring investors about profitability. However, since the revenue forecast is within expectations, the immediate impact on the stock price might be limited, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100