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Shake Shack Ends Quarterly Earnings Guidance After Missed Sales and Cut Outlook

Shake Shack logoShake Shack
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Shake Shack missed Wall Street expectations for sales and profits in May, citing weather, and then cut its full-year guidance. It later decided to eliminate quarterly earnings guidance altogether, reducing the year’s share-loss pressure, though the stock is still down over 8%. The guidance changes and an emerging activist underscore challenges in meeting investor expectations.

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