1357 ET - Shake Shack's 3Q results should show solid same-store-sales and strong, but more moderate margin expansion, UBS analysts say in a research note. The burger chain's results will also likely come with a strong store development outlook, the analysts say. Overall, investor sentiment remains positive, UBS says. Analysts raise their FY24 EPS estimates to 76 cents from 71 cents a share, their Y25 EPS to $1.06 from 99 cents, and FY26 EPS to $1.40 from $1.26. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
October 21, 2024 13:57 ET (17:57 GMT)
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