Shake Shack Lowers Sales Guidance Amid Economic Uncertainty
Shake Shack lowered its second-quarter revenue and profitability guidance due to macroeconomic uncertainty and increased competition. The company's stock dropped over 9% following the announcement, with revised same-store sales growth expectations of 2.5-3%, down from prior projections.
Tickers: $SHAK
Topics: guidance revision restaurant industry stock price reaction