Shake Shack (SHAK) Shares Down 10% on Guidance Miss
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Shake Shack fails to shake off Omicron impact, forecasts dour sales
February 17, 2022 4:16 PM EST(Reuters) -Shake Shack Inc forecast first-quarter revenue below estimates as the fast-spreading Omicron variant kept diners away and led to temporary restaurant closures, sending the burger chain's shares down 10% in extended trading.
Benefits from easing COVID-19 Delta infections were short-lived for Shake Shack as the Omicron wave that soon followed dissuaded customers from venturing out, infected staff and set back the recovery of urban-centric restaurants.
"Drivers of our business such as office returns,... More
Shake Shack (SHAK) Tops Q4 EPS by 7c; Guides Q1 Revs Below the Street
February 17, 2022 4:06 PM ESTShake Shack (NYSE: SHAK) reported Q4 EPS of ($0.11), $0.07 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $203.3 million versus the consensus estimate of $202.54 million.
GUIDANCE:
Shake Shack sees Q1 2022 revenue of $195-201.4 million, versus the consensus of... More
