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Shake Shack Inc. - $SHAK STOCK NEWS

Welcome to our dedicated page for Shake Shack news (Ticker: $SHAK), a resource for investors and traders seeking the latest updates and insights on Shake Shack stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shake Shack's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Shake Shack Inc. has reported its Q3 2023 results, showing total revenue of $276.2 million, up 21.2% YoY. System-wide sales reached $438.9 million, a 24.3% increase. Same-Shack sales were up 2.3% YoY. Operating income was $5.7 million, compared to an operating loss of $4.8 million in 2022. Net income was $8.1 million, compared to a net loss of $2.3 million in 2022. Adjusted EBITDA was $35.8 million, up 80.7% YoY. The company opened 10 new domestic Company-operated Shacks and 15 new licensed Shacks, including locations in the Bahamas and China.
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Shake Shack to release Q3 2023 financial results on November 2, 2023
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SHAK: Shake Shack Inc. Reports Strong Q2 2023 Results with Total Revenue Up 17.8% to $271.8 Million, System-wide Sales Up 21.2% to $426.3 Million, and Same-Shack Sales Up 3.0%. Operating Income of $4.7 Million. The company opened 10 new domestic Company-operated Shacks and 13 new licensed Shacks, including international locations in Thailand and China.
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Shake Shack will release its Q2 2023 financial results on August 3, 2023, and host a conference call at 8:00 a.m. ET. The call will be led by CEO Randy Garutti and CFO Katherine Fogertey. Access details provided.
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Shake Shack Inc.

NYSE:SHAK

SHAK Rankings

SHAK Stock Data

4.26B
37.50M
5.16%
95.53%
8%
Full-Service Restaurants
Accommodation and Food Services
Link
United States of America
NEW YORK

About SHAK

shake shack® is a modern day “roadside” burger stand known for its all-natural burgers, flat-top dogs, frozen custard, beer, wine and more. with its fresh and simple, high-quality food at a great value, shake shack is a fun and lively community-gathering place with widespread appeal. from its ingredients and employment practices to its environmental responsibility, design and community investment, shake shack’s mission is to continually stand for something good®. shake shack sprouted from danny meyer’s union square hospitality group (ushg), which includes many of new york city’s most celebrated restaurants: union square cafe, gramercy tavern, the modern, among others. since the original shake shack opened in 2004 in nyc’s madison square park, with now 50 locations in the us and abroad. are you are a leader who wants to train future leaders? an avid learner with a curious intelligence who’s looking to grow? most importantly, do you embody warm hospitality and a genuine concern for o