Shake Shack Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Blend
Company profile

Shake Shack Inc. is a roadside burger stand serving American menu of burgers, chicken sandwiches, hot dogs, crinkle cut fries, shakes, frozen custard, beer and wine. The Company's menu focuses on food and beverages, crafted from a range of American foods. Its burger category includes ShackBurger, SmokeShack, Shroom Burger (a vegetarian burger), Shack Stack, Avocado Bacon Burger and Hamburger. Its chicken products include Chicken Shack and Chicken Bites. It offers wines, including Shack Red, Shack White and Shack Rose. In addition, it serves Abita Root Beer, Shack-made lemonade, organic fresh brewed iced tea, Fifty/Fifty (half lemonade, half organic iced tea), Honest Kids organic apple juice, and Shack20 bottled water. It offers delivery services through its Shack app as well as Shake Shack Website. The Company operates approximately 369 Shacks, of which 218 are domestic Company-operated Shacks, 25 are domestic licensed Shacks, and 126 are international licensed Shacks.

Closing Price
$56.52
Day's Change
0.07 (0.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
57.79
Day's Low
55.82
Volume
(Light)
Volume:
472,979

10-day average volume:
805,909
472,979

Five Below rallies 5% after quarterly beat, above-consensus guidance

4:38 pm ET November 30, 2022 (MarketWatch)
Print

Shares of Five Below Inc. rallied more than 5% in the extended session Wednesday after the discount retailer beat Wall Street expectations for its fiscal third quarter and said it continues to be "on the offense" to sell its wares. Five Below earned $16.1 million, or 29 cents a share, in the quarter, compared with $24.2 million, or 43 cents a share, in the year-ago period. Sales rose 6.2% to $645 million, the company said. Same-store sales fell 2.7% compared with the third quarter of fiscal 2021. Analysts polled by FactSet expected Five Below to earn 15 cents a share on sales of $614 million. The company's performance "was driven by ticket and transaction metrics that improved throughout the quarter" as well as "disciplined expense management" and other factors, Chief Executive Joel Anderson said in a statement. "We are continuing to play offense, and the progress we made across product, experience and supply chain will all drive our holiday execution." Five Below guided for full fiscal 2022 revenue between $3.038 billion and $3.063 billion, based on opening about 150 new stores and assuming a 2% to 3% drop in comparable sales, it said. It guided for per-share earnings between $4.55 and $4.71 for the year. The guidance is above FactSet consensus for EPS of $4.41 on sales of $3 billion. Shares of Five Below ended the regular trading day up 2.5%.

-Claudia Assis

	

(END) Dow Jones Newswires

November 30, 2022 16:38 ET (21:38 GMT)

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