Restaurant chain Shake Shack's Q2 profit, sales tops estimates

Reuters
07/31
Restaurant chain Shake Shack's <a href="https://laohu8.com/S/QTWO">Q2</a> profit, sales tops estimates

Overview

  • Shake Shack Q2 revenue rises 12.6% yr/yr, beating analyst expectations, per LSEG data

  • Adjusted EPS for Q2 beats consensus, reflecting strong operational performance

  • Co opened 13 new company-operated Shacks, including two drive-thrus

Outlook

  • Company did not provide specific guidance for future quarters or full year

Result Drivers

  • REVENUE GROWTH - Total revenue increased 12.6% yr/yr, driven by Shack sales and licensing revenue

  • NEW OPENINGS - Co opened 13 new company-operated Shacks, including two drive-thrus, contributing to growth

  • OPERATING INCOME - Operating income more than doubled to $22.4 mln, reflecting improved profitability

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$356.50 mln

$354.10 mln (21 Analysts)

Q2 Adjusted EPS

Beat

$0.44

$0.38 (22 Analysts)

Q2 EPS

$0.41

Q2 Adjusted Net Income

$19.50 mln

Q2 Net Income

$18.50 mln

Q2 Adjusted EBITDA

$58.90 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy"

  • Wall Street's median 12-month price target for Shake Shack Inc is $139.50, about 1% below its July 30 closing price of $140.91

  • The stock recently traded at 89 times the next 12-month earnings vs. a P/E of 65 three months ago

Press Release: ID:nBw46nnLNa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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