Cava stock on a tear as fast-casual players continue to outperform the industry [Yahoo! Finance]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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investor.shakeshack.com/investors-overview/overview/default.aspx
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Source: Yahoo! Finance
Mediterranean chain Cava ( CAVA ) beat Wall Street estimates Tuesday afternoon, with same-store sales jumping 18.1%, compared to 12.39% expected. The stock vaulted over $172 per share — an all-time high — on Wednesday, before giving up the gains and closing around $147. Shares of Cava are up 261% in 2024. "That value proposition [is] really beyond price," CEO Brett Schulman told Yahoo Finance. Schulman pointed to Cava's investment in digital and in-store experiences, people's shifting preferences for healthier food, and the company's efforts to keep the average bowl in the $13 to $15 range as factors in its success. TD Cowen analyst Andrew Charles wrote in a client note that Cava's price increase, of roughly 15% compared to 2019, "significantly trails" the 25% to 30% hikes by most fast-casual peers. In the quarter, the chain's foot traffic was up 10.3% year over year, while its steak option contributed to order prices increasing by 7.9%. Fellow fast-casual player and burger cha
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SHAK
News
- 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
- Move over peanuts. Shake Shack burgers are coming to Delta flights [Yahoo! Finance]Yahoo! Finance
- Move over peanuts. Shake Shack burgers are coming to Delta flights [Fortune]Fortune
- Fresh Brothers pizza chain expanding beyond Southern California after sale to Craveworthy Brands [Yahoo! Finance]Yahoo! Finance
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