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Shake Shack ( (SHAK) ) just unveiled an update.
Shake Shack announced its preliminary unaudited financial results for the fourth quarter and fiscal year 2024, highlighting a significant improvement in profitability and a 48% year-over-year growth in Adjusted EBITDA. The company has set ambitious long-term targets, including expanding its Company-operated footprint to at least 1,500 Shacks, reflecting a robust growth strategy and a positive outlook for future financial performance. These developments are poised to strengthen Shake Shack’s position in the restaurant industry and provide substantial benefits to its team members and shareholders.
More about Shake Shack
Shake Shack Inc. operates in the restaurant industry, focusing on providing a fine casual dining experience through its chain of Company-operated and licensed Shacks. Since its founding in 2004, the company has been committed to expanding its footprint with a market focus on delivering ‘Enlightened Hospitality’ to guests, team members, and communities.
YTD Price Performance: -3.63%
Average Trading Volume: 902,282
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.46B
Learn more about SHAK stock on TipRanks’ Stock Analysis page.
