• Shake Shack (SHAK) Q1 revenue $366.7M, up 14.3% YoY. Missed EBITDA and EPS estimates. Stock fell about 41.5% to $56.50 after the report; weakest Q1 among peers.
  • Over 35% of Shake Shack U.S. company stores lie within 30 miles of World Cup venues, possibly boosting same-store sales and supporting the high end of the company’s updated guidance.