Analyst Summary
- The company is correcting an error in its Form 10-K related to digital sales figures.
- Digital sales increased by 20.1% and 20.3% for the thirteen and fifty-two weeks ended December 25, 2024, respectively.
- Digital sales accounted for 36.6% of Shack sales during the thirteen weeks ended December 25, 2024.
Potential Implications
Company Performance
- Corrected financial reporting ensures accurate representation of company performance.
- Demonstrates the growing importance of digital sales to the company’s overall revenue.
Stock Price
- The correction of the error may have a neutral to slightly positive impact on the stock price as it clarifies the company’s financial performance.
- Accurate reporting can improve investor confidence.