Shake Shack Inc. (NYSE:SHAK) stock price dropped 20.6% after beating EPS and revenue estimates but guiding lower-than-expected same-store sales. Jim Cramer discussed how inflation impacts the iconic burger chain, emphasizing the need for price reductions due to economic challenges. SHAK faces struggles amid shifting consumer affordability and market conditions.

Cramer noted Shake Shack Inc.’s (NYSE:SHAK) recent earnings, highlighting a top and bottom line beat with the highest restaurant level margins in six years. However, concerns arose over same-store sales growth falling short of analysts’ expectations. Despite potential, some AI stocks offer greater promise for returns with limited downside risk, presenting alternative investment opportunities.

Read more at Yahoo Finance: Shake Shack Inc. (SHAK) Is Struggling Due To Inflation, Says Jim Cramer