Home Stocks Shake Shack trades at its lowest level in two years after cutting guidance (SHAK:NYSE)

Shake Shack trades at its lowest level in two years after cutting guidance (SHAK:NYSE)

by Deidre Salcido
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Shake Shack (SHAK) lowered its Q2 and full-year outlook on Tuesday, citing macroeconomic uncertainty, competitive pressures, and the related impact on recent trends. CEO Rob Lynch stressed that core business drivers remain solid for the restaurant operator and reiterated confidence in its long-term

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