Shake Shack (SHAK) Gains From Same-Shack Sales Amid High Costs
Shake Shack(SHAK) zacks.com·2024-05-28 22:10
Shake Shack Inc. (SHAK) has experienced remarkable success, fueled by strong same-shack sales, strategic expansion and innovative menu offerings. These initiatives have propelled the company's shares upward by an impressive 49.1% over the past year, in stark contrast to the industry’s 4.8% decline.However, in the past month, the stock has declined 7.8%. The decline was primarily due to inflationary pressure. Its premium ingredients have witnessed a significant increase in price in a very short period. Total ...