"Shake Shack Soars on Strong Q4 Earnings and 2024 Outlook"
TL;DR Summary
Shake Shack's stock surged 20% after the burger chain reported strong fourth-quarter earnings, with a net income of $6.8 million and earnings per share of 2 cents, beating expectations. The company also saw a 20% increase in revenue year-over-year and plans to grow total revenue by 11% to 15% in 2024, with the opening of 80 new restaurants. CEO Randy Garutti expressed optimism for the year ahead, citing positive traffic and continued margin expansion.
Topics:business#finance#fourth-quarter-profit#restaurant-expansion#revenue-growth#shake-shack#stock-surge
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- Shake Shack Vaults On Earnings, But Don't Take Profits Yet Investor's Business Daily
- Shake Shack Earnings Were Sweet. The Stock Is Having Its Best Day in Years. Barron's
- Shake Shack: Q4 Earnings Snapshot Quartz
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