Shake Shack Q2 Adj $0.27, Inline, Sales $316.50M Beat $314.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shake Shack (NYSE:SHAK) reported Q2 earnings of $0.27 per share, meeting analyst expectations and showing a 50% increase from last year. Quarterly sales of $316.50 million beat estimates by 0.61% and increased by 16.44% year-over-year.
August 01, 2024 | 11:01 am
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Shake Shack reported Q2 earnings of $0.27 per share, meeting analyst expectations and showing a 50% increase from last year. Quarterly sales of $316.50 million beat estimates by 0.61% and increased by 16.44% year-over-year.
Shake Shack's Q2 earnings met expectations and sales slightly beat estimates, showing strong year-over-year growth. This positive performance is likely to boost investor confidence and support short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100