Shake Shack (SHAK) Shares Down 10% on Guidance Miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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
