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

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.)