Shake Shack: A Solid Performance Outlook For The Business
SHAKShake Shack(SHAK) Seeking Alpha·2024-08-16 13:54

mizoula Investment overview I give a buy rating for Shake Shack Inc. (NYSE:SHAK) as the growth outlook is solid. I expect SHAK to grow at a mid-teen percentage level for the next two years, supported by strong same-store sales growth and the opening of new stores. Combined with an expanding adj EBITDA margin, SHAK should achieve ~$250 million of adj EBITDA by FY26. Business description SHAK is a fast food business that sells burgers, fries, milkshakes, and other menu items. The business operates on two main ...