MarketWatch
US · 1 hrs ago
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Beef is very expensive right now — and Shake Shack just lost money for the first time in years
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Shake Shack reported its first loss in years as beef price inflation and weaker consumer spending pressured the burger chain's profitability, causing its stock to drop nearly 30%.
Beef is very expensive right now — and Shake Shack just lost money for the first time in years
The burger chain’s shares were dropping nearly 30% in the face of cost inflation and challenging consumer sentiment.
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