Shake Shack Stock Gains After Q3 Earnings Beat Amid Strong Sales Growth, Strategic Expansion

Shake Shack, Inc. (NYSE:SHAK) shares are trading higher after the company reported better-than-expected third-quarter financial results.

Shake Shack reported adjusted earnings per share of 25 cents, beating the street view of 20 cents.

Quarterly revenues of $316.9 million (+14.7%) marginally outpaced the analyst consensus estimate of $316.13 million. Sales included $304.9 million from Shack sales and $12.0 million from licensing revenue.

Adjusted EBITDA was $45.8 million, representing a 28.0% increase compared to 2023. Restaurant-level profit was $64.2 million, representing 21.0% of Shack sales.

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