These Analysts Increase Their Forecasts On Shake Shack After Upbeat Earnings



Shake Shack Inc. (NYSE: SHAK) reported better-than-expected fourth-quarter financial results on Thursday.

Sales grew 20% Y/Y to $286.2 million, beating the analyst consensus estimate of $280.3 million. Adjusted pro forma EPS was 2 cents for the quarter, beating the consensus estimate of 1 cent, according to data from Benzinga Pro.

The company opened 15 new domestic company-operated Shacks and 9 new licensed Shacks, including locations in Mexico and Thailand.

For FY24, the company projects revenue of $1.21 billion-$1.25 billion vs. consensus of $1.246 billion …

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