Shake Shack Shares Down 5.3%, Same-Store Sales Growth Expected to Slow

Dow Jones

Jan 14, 2025

By Katherine Hamilton

Shares of Shake Shack closed down after the company forecasted slower same-store sales growth for this year.

The stock fell 5.3% to end the market session at $121.63. The shares are up 84% in the past 12 months.

The restaurant chain is guiding for 3% growth in same-store sales this year, compared with 4.3% growth in 2024, based on preliminary earnings, the company said in a filing Monday. It expects revenue of $1.45 billion to $1.48 billion for the year.

Revenue is expected to grow 16% to 18% in 2025, up from 15% in 2024, the company said, based on preliminary guidance for the year.

Shake Shack also unveiled its long-term plans for growth. The company wants to more than quadruple the number of U.S. restaurants it has to 1,500, up from its current 330 locations. Shake Shack opened a record 43 stores in 2024.

The fast-casual dining chain posted preliminary revenue of $328.7 million for the fourth quarter of 2024. Its preliminary revenue for the full year is $1.3 billion. Both numbers topped estimates from analysts polled by FactSet.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 13, 2025 16:46 ET (21:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Both numbers topped estimates from analysts polled by FactSet. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 16:46 ET (21:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHAK","symbol_name":"Shake Shack Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503256556","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503256556","pubTimestamp":1736804760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Shake Shack closed down after the company forecasted slower same-store sales growth for this year.The stock fell 5.3% to end the market session at $121.63. 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Both numbers topped e","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SHAK":"Shake Shack Inc"},"translate_title":"Shake Shack股价下跌5.3%，同店销售增长预计放缓","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHAK":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Shares of Shake Shack closed down after the company forecasted slower same-store sales growth for this year. \n\n\n  The stock fell 5.3% to end the market session at $121.63. The shares are up 84% in the past 12 months. \n\n\n  The restaurant chain is guiding for 3% growth in same-store sales this year, compared with 4.3% growth in 2024, based on preliminary earnings, the company said in a filing Monday. 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