Shake Shack Gets Smoked After Cutting Guidance

Shake Shack Gets Smoked After Cutting Guidance Shake Shack plunged on Tuesday, hitting its lowest levels since November 2023, after the burger chain slashed second-quarter guidance only about a month after issuing it. Baird analyst David Tarantino said the new outlook is viewed as "incrementally negative" for Shake Shack. Tarantino noted that management had set an "unusually high bar" for 2Q comparable performance with its previous outlook, implying mid- to high-single-digit com...