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 Surged Today

TheMotleyFool

0 0

Shake Shack (NYSE: SHAK) jumped 13.3% on Tuesday after the restaurant chain released preliminary fourth-quarter results that were better than many investors expected.

Shake Shack's revenue soared 29% year over year to $203.3 million, driven by restaurant openings and a 20.8% increase in same-store sales at company-owned locations. Both figures were above Wall Street's estimates, which had called for revenue of $198 million and comp growth of 16.9%.

Notably, Shake Shack's comps also rose 2.2% compared to the pre-pandemic fourth quarter of 2019, marking the chain's recovery from its coronavirus-related lows in early 2020.

Source Fool.com

Like: 0

SHAK

Share