CORRECTION: Shake Shack FY24 Outlook: Revenue $1.21B-$1.25B Vs. $1.25B Estimate, Shake Shack Level Operating Margin 20%-21%
Portfolio Pulse from Benzinga Newsdesk
Shake Shack has revised its FY24 revenue outlook to $1.21B-$1.25B, slightly below the $1.25B estimate. The company also projects a Shake Shack level operating margin of 20%-21%.
February 15, 2024 | 2:21 pm
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Shake Shack's FY24 revenue outlook has been adjusted to $1.21B-$1.25B, below the expected $1.25B. Operating margin is projected at 20%-21%.
The revision of Shake Shack's FY24 revenue outlook to a range slightly below the market estimate could lead to negative investor sentiment in the short term. The projection of operating margin, while providing some operational insight, may not be sufficient to offset the impact of the revenue adjustment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100