- Shake Shack Inc (NYSE:SHAK) reported second-quarter FY22 sales growth of 23.1% to $230.8 million, missing the consensus of $238.26 million. System-wide sales grew 24.8% to $351.7 million.
- Total expenses rose 25.7% Y/Y to $231.6 million. Loss from operations for the quarter was $(0.8) million versus a profit of $3.3 million a year ago.
- The company held $358 million in cash and equivalents as of June 29, 2022.
- Adjusted EBITDA for the quarter was $22.1 million, with an adjusted EBITDA margin of 9.6%.
- EPS loss was $(0.03) for the quarter. Adjusted pro forma EPS was $0.00 against the consensus of $(0.02).
- Price Action: SHAK shares are trading lower by 7.22% at $50.50 on the last check Thursday.
What’s Going On With Safe & Green Development Stock (SGD)?
Safe & Green Development Corp (NASDAQ: SGD) shares are trading lower by 27% to $3.09 Monday morning, pulling back following recent strength, after the company on Thursday said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.
