Shake Shack Announces Second Quarter 2020 Financial Results
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Shake Shack (SHAK) Misses Q2 EPS by 8c; SSS Falls 49%.
July 30, 2020 4:13 PM EDTShake Shack (NYSE: SHAK) reported Q2 EPS of ($0.45), $0.08 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $91.8 million versus the consensus estimate of $93.01 million. Same-Shack sales decreased 49.0%.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, Throughout this difficult time, I remain incredibly proud of our team. They\'ve continued to show up, to support each other, our guests, our communities and our suppliers. Theyve had an unwavering commitment to... More
