Starboard Value Takes Major Stake in Shake Shack as Q2 Sales Rise but Profits Slip
Shake Shack reports 17% revenue growth and 3.5% same-store sales, but profits slip as Starboard Value builds a major position.
Shake Shack reports 17% revenue growth and 3.5% same-store sales, but profits slip as Starboard Value builds a major position.
Strong Q2 results weren’t enough: SolarEdge stock plunged 24%—its worst day in 14 months—after issuing soft third-quarter revenue and margin guidance.
Flutter reported mixed Q2 numbers, lowered 2026 outlook, and announced CEO Peter Jackson’s exit.
Shopify reports strong Q2 with $1.5B net income and $3.58B revenue, beating estimates. GMV reaches $115.57B; upbeat Q3 outlook issued.
Uber reported strong Q2 bookings of $58B and record users, yet shares dropped on weaker Q3 profit forecast and heavy robotaxi investment.
Disney reports $25.2B revenue and 28% EPS growth in Q3, powered by Toy Story 5’s $1B box office, strong parks, and a $1.2B A+E stake sale to Hearst.