Shake Shack FY24 Outlook: Revenue $1.21B-$1.25B Vs. $1.25B Estimate, Shake Shack Level Operating Margin 19%-19.50%
Portfolio Pulse from Benzinga Newsdesk
Shake Shack provided its FY24 outlook, projecting revenues of $1.21B-$1.25B, which is slightly below the $1.25B estimate. The company also anticipates an operating margin of 19%-19.50%.
February 15, 2024 | 12:20 pm
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Shake Shack's FY24 revenue forecast is slightly below expectations, with projected revenues of $1.21B-$1.25B against a $1.25B estimate. Operating margin is expected to be between 19%-19.50%.
The slight miss in revenue projections compared to the market estimate may lead to short-term negative sentiment among investors, potentially impacting SHAK's stock price negatively. However, the operating margin projection is solid, indicating efficient cost management which could mitigate some negative impact.
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