Shake Shack (SHAK) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Shake Shack (SHAK) reported revenue of $316.92 million, up 14.7% over the same period last year. EPS came in at $0.25, compared to $0.17 in the year-ago quarter.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $315.09 million. With the consensus EPS estimate being $0.20, the EPS surprise was +25.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Shake Shack performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same-Shack sales growth: 4.4% versus the 11-analyst average estimate of 3.4%. Shack counts - System-wide: 552 versus 557 estimated by 11 analysts on average. Shack counts - Domestic company-operated: 310 versus the 11-analyst average estimate of 314. Shack counts - Licensed: 242 versus the 11-analyst average estimate of 243. Shack counts - Domestic licensed: 42 versus the nine-analyst average estimate of 41. Shack counts - International licensed: 200 versus 202 estimated by nine analysts on average. Average weekly sales: $76 versus $74.54 estimated by five analysts on average. Revenue- Shack sales: $304.90 million versus $303.40 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +15.1% change. Revenue- Licensing: $12.03 million compared to the $11.90 million average estimate based on 11 analysts. The reported number represents a change of +7.1% year over year. Shack system-wide sales: $495.10 million versus $492.53 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.8% change. View all Key Company Metrics for Shake Shack here>>>Shares of Shake Shack have returned +11.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Shake Shack, Inc. (SHAK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks