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02.06.26 - 21:36
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Shake Shack Gets Smoked After Cutting Guidance (ZeroHedge)
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Shake Shack Gets Smoked After Cutting Guidance
Shake Shack plunged on Tuesday, hitting its lowest levels since November 2023, after the burger chain slashed second-quarter guidance only about a month after issuing it.
Baird analyst David Tarantino said the new outlook is viewed as "incrementally negative" for Shake Shack.
Tarantino noted that management had set an "unusually high bar" for 2Q comparable performance with its previous outlook, implying mid- to high-single-digit comps in May and June after -.6%.
He added that the updated guidance ranges may be attributed to new CFO Michelle Hook, who started May 11, and said "desire to set a more achievable bar going forward."
The burger chain, which has 445 stores in the U.S., now expects second-quarter revenue of $415 million to $420 million, down from its prior forecast of $424 million to $428 million.
Same-Shack sales growth is now expected to be 2.5% to 3%, down from the earlier 3% to 5% range. Shares sank 11% ...
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02.06.26 - 14:06
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Shake Shack Provides Fiscal Second Quarter 2026 Business Update (Business Wire)
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Management Updates GuidanceNEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) provided a business update for the fiscal second quarter ending July 1, 2026 and fiscal year ending December 30, 2026, ahead of presenting at June investor conferences.
"Our updated guidance reflects the current macroeconomic uncertainty, competitive landscape, and related impacts now that we are more than two-thirds through the quarter, but it's important to emphasize that our fundamental business drivers remain strong. We remain confident in our ability to execute our strategic priorities and deliver long-term shareholder value,” said CEO Rob Lynch.
Updated Fiscal Second Quarter Guidance Ending July 1, 2026:(1)
Prior 2Q Guidance
Updated 2Q Guidance
Total revenue
$424 - $428 million
$415 - $420 million
Licensing revenue
$13.5 - $13.7 million
No change
Same-shack sales(2)
3.0% to 5.0%
2.5% to 3.0%
Restaurant-level profit margin(3)
24.0% to 24.5%
22.0% to 23.0%
Company-...
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