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Shake Shack Inc - SHAK STOCK NEWS

Welcome to our dedicated news page for Shake Shack (Ticker: SHAK), a resource for investors and traders seeking the latest updates and insights on Shake Shack.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shake Shack's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Shake Shack's position in the market.

News
Xponential Fitness, Inc. Appoints Jeffrey Lawrence to its Board of Directors
Rhea-AI Summary
Xponential Fitness, Inc. (XPOF) appoints Jeffrey Lawrence to its Board of Directors, bringing decades of leadership experience from top consumer brands. Lawrence's expertise in franchising, technology, and financial acumen is expected to drive shareholder value and support the Company's global expansion and customer experience optimization initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
management
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News
Shake Shack to Announce First Quarter 2024 Financial Results on May 2, 2024
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) will announce its first quarter 2024 financial results on May 2, 2024, before the market opens. The conference call will feature CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
earnings
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News
Shake Shack Names Rob Lynch as Chief Executive Officer
Rhea-AI Summary
Shake Shack appoints Rob Lynch as CEO, succeeding Randy Garutti, who will transition to an advisor role through 2024. Lynch, currently President and CEO of Papa John’s International, brings extensive leadership experience. The Board sees Lynch as instrumental in further elevating Shake Shack's global brand and culture of Enlightened Hospitality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
News
Shake Shack to Participate at the UBS Global Consumer and Retail Conference on March 14, 2024
Rhea-AI Summary
Shake Shack Inc. to host a fireside chat at the UBS Global Consumer and Retail Conference on March 14, 2024, webcasted on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
conferences
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News
Shake Shack Promotes Michael Kark to Expanded Role of President of Global Licensing
Rhea-AI Summary
Shake Shack Inc. announced the promotion of Michael Kark to President of Global Licensing, enhancing his leadership in expanding the licensing model domestically and internationally. Kark's role includes scaling international infrastructure, strengthening partner relationships, and executing strategic priorities. The move reflects Shake Shack's focus on executive team excellence for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.04%
Tags
none
-
News
Shake Shack Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Shake Shack Inc. reports strong financial performance for the fourth quarter and fiscal year 2023, with total revenue of $286.2 million and $1,087.5 million respectively. The company saw a 20.0% increase in revenue for the fourth quarter and a 20.8% increase for the fiscal year compared to 2022. Same-Shack sales were up 2.8% and 4.4% for the respective periods. Operating loss for the fourth quarter was $1.3 million, with a net income of $6.8 million. Adjusted EBITDA stood at $31.4 million for the fourth quarter. Shake Shack opened 15 new domestic Company-operated Shacks and 9 new licensed Shacks in various locations. The company plans to restate its financial statements for the fiscal years 2022 and 2021.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.04%
Tags
earnings
News
Shake Shack to Announce Fourth Quarter 2023 Financial Results on February 15, 2024
Rhea-AI Summary
Shake Shack Inc. will release Q4 and fiscal year 2023 financial results on February 15, 2024, with a conference call hosted by CEO Randy Garutti and CFO Katherine Fogertey. The call can be accessed live over the phone or via webcast on the Company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
earnings
-
News
CEO Randy Garutti to Retire from Shake Shack in 2024
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) announces CEO Randy Garutti's retirement in 2024 and the initiation of a search for his successor. The current CEO will continue to lead the company until then and will serve as an advisor post-retirement. The Board of Directors has launched an external search led by Korn Ferry to identify the new CEO. The company is targeting to surpass $1.0 billion in revenue this year and has achieved significant growth, operating in 18 countries, 33 states, and more than 500 locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.59%
Tags
none
-
News
Shake Shack to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) to Participate in Investor Conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
conferences
News
Shake Shack Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Shake Shack Inc. has reported its Q3 2023 results, showing total revenue of $276.2 million, up 21.2% YoY. System-wide sales reached $438.9 million, a 24.3% increase. Same-Shack sales were up 2.3% YoY. Operating income was $5.7 million, compared to an operating loss of $4.8 million in 2022. Net income was $8.1 million, compared to a net loss of $2.3 million in 2022. Adjusted EBITDA was $35.8 million, up 80.7% YoY. The company opened 10 new domestic Company-operated Shacks and 15 new licensed Shacks, including locations in the Bahamas and China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
earnings
Stock SHAK logo
Shake Shack Inc

NYSE:SHAK

SHAK Rankings

#1342 Ranked by Market Cap
#2052 Ranked by Stock Gains
N/A Ranked by Dividends

SHAK Stock Data

4.11B
37.50M
5.16%
95.53%
8%
Full-Service Restaurants
Accommodation and Food Services
Link
US
New York

About SHAK

shake shack® is a modern day “roadside” burger stand known for its all-natural burgers, flat-top dogs, frozen custard, beer, wine and more. with its fresh and simple, high-quality food at a great value, shake shack is a fun and lively community-gathering place with widespread appeal. from its ingredients and employment practices to its environmental responsibility, design and community investment, shake shack’s mission is to continually stand for something good®. shake shack sprouted from danny meyer’s union square hospitality group (ushg), which includes many of new york city’s most celebrated restaurants: union square cafe, gramercy tavern, the modern, among others. since the original shake shack opened in 2004 in nyc’s madison square park, with now 50 locations in the us and abroad. are you are a leader who wants to train future leaders? an avid learner with a curious intelligence who’s looking to grow? most importantly, do you embody warm hospitality and a genuine concern for o