Shake Shack Inc. (NYSE: SHAK) is scheduled to report second-quarter 2024 financial numbers on Aug 1, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 30%.
What to Expect?
The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at 27 cents, up 50% year over year. In the past 60 days, earnings estimates for the to-be-reported quarter have remained stable. The Zacks Consensus Estimate for revenues is pegged at $314.2 million, suggesting 15.6% growth from the prior-year reported actuals.
Let’s delve deeper to find out how the company’s top and bottom lines might have performed during the quarter.
Factors at Play
Shake Shack’s quarterly performance is expected to have benefited from its robust digital marketing strategies, strong Same-Shack sales and ongoing unit expansion efforts. The company has been investing heavily in digitization to sustain and enhance its digital guest engagement strategies in the near term.
By improving its data and guest recognition capabilities, Shake Shack aims to enable more …