Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shake Shack Stock Soared in February

TheMotleyFool

0 0

Why Shake Shack Stock Soared in February: https://g.foolcdn.com/editorial/images/768515/shake-shack-sign.png

Shares of Shake Shack (NYSE: SHAK) were surging last month as the fast-casual burger flipper delivered a strong earnings report and impressed Wall Street with its guidance, which called for improving margins in 2024.

The company is also accelerating its restaurant growth, tapping into demand for a brand that has always been one of the highest-trafficked fast food chains.

According to data from S&P Global Market Intelligence, Shake Shack gained 40.7% last month. As you can see from the chart below, the earnings report in the middle of the month was a big reason why.

Source Fool.com

Like: 0

SHAK

Share