Cava jumps after raising annual sales forecast again on demand for steak, pita chips [Yahoo! Finance]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
estimates on strong demand for its Mediterranean fare such as pita chips and grilled steak. Fast-casual restaurants like Cava, Shake Shack and Sweetgreen, which offer salad bowls and cheeseburgers as well as dining space, have grown in popularity this year as customers traded up from fast-food chains amid runaway prices. Cava has witnessed a 28.4% growth in traffic this year till September, while McDonald's and Restaurant Brands-owned Burger King saw customer visits decline 0.4% and 0.9%, respectively, according to data from Placer.ai. "Cava also continues to benefit from the consumer preference shift from quick service to fast casual as middle income consumers increasingly view fast casual as a better value for money," TD Cowen analyst Andrew Charles said in a note. The chain raised its annual forecasts for the third time in 2024 when it reported third-quarter results after market close on Tuesday. Its stock has more than tripled in value this year. The company's percentage
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SHAK
News
- Reflecting On Modern Fast Food Stocks' Q3 Earnings: Shake Shack (NYSE:SHAK) [Yahoo! Finance]Yahoo! Finance
- Are seed oils toxic? It's complicated — here's what you need to know about the war over dietary fats [Business Insider]Business Insider
- Nashville's River North development takes shape [Yahoo! Finance]Yahoo! Finance
- Investing in Shake Shack (NYSE:SHAK) five years ago would have delivered you a 97% gain [Yahoo! Finance]Yahoo! Finance
- Delta and Shake Shack team up to offer cheeseburgers on flights starting in December [USA TODAY]USA TODAY
SHAK
Earnings
- 10/30/24 - Beat
SHAK
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- SHAK's page on the SEC website