.August 1, 2024 11:19:12 AM

Shake Shack reported earnings of $0.27 per share, matching the Zacks Consensus Estimate and showing improvement from the previous year’s $0.18 per share. The company also announced a 39% jump in second-quarter profit, with a net income of $9.67 million, exceeding Wall Street’s revenue expectations. Despite a high P/E ratio of approximately 147.72, Shake Shack maintains a healthy financial structure, including a debt-to-equity ratio of about 0.67 TTM. The company’s strong performance and financial stability have contributed to a surge in its stock price, rallying nearly 15% in premarket trading.