Shake Shack: the guidance disappoints, the title falls











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(Boursier.com) — Shake Shack is shaken before the market after unveiling a disappointing guidance for the quarter due to the Omicron variant. The fast-food chain anticipates sales of between $196 and $201.4 million in its first fiscal quarter, while the market was expecting $211 million. Additionally, given the considerable uncertainty and resulting significant economic impact caused by the pandemic, the Company has not provided annual targets. Over the last three months of its financial year, the New York group saw its revenues jump 20.8% on a comparable basis to $203.3 million ($202.6 million consensus).


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