Shake Shack Inc. operates and licenses a restaurant brand built around elevated American classics, including made-to-order Angus beef burgers, crispy chicken, crinkle-cut fries, hand-spun milkshakes, house-made lemonades, beer and wine. Company updates commonly address performance across Company-operated Shacks and licensed Shacks, with recurring measures such as Shack sales, licensing revenue, system-wide sales, same-Shack sales, restaurant-level profit and adjusted EBITDA.
News about SHAK also covers restaurant expansion in U.S. and international markets, digital ordering and technology initiatives such as Project Catalyst, menu and guest-experience priorities, investor conference participation and executive leadership changes. The company’s disclosures connect restaurant operations, licensed-market economics and brand investment to its reported financial results.
Shake Shack (NYSE: SHAK) reported preliminary results for Q4 and FY 2020, revealing a 4% revenue increase to $157.5 million in Q4, though overall FY revenue fell 12.1% to $522.9 million. Average Weekly Sales rose to $62,000, with Same-Shack sales down 17.4%. The company plans to open 35-40 new domestic locations in 2021, with a focus on digital enhancements and menu innovations. Cash and marketable securities stood at $183.8 million by year-end, despite temporary closures due to COVID-19 impacting operations.
Shake Shack (NYSE: SHAK) will participate in two virtual investor conferences in January 2021. On January 12, the Company will present at the 23rd Annual ICR Virtual Conference starting at 8:30 a.m. ET. Following this, on January 19, Shake Shack will host a fireside chat at the Jefferies 10th Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Virtual Summit. Both events will be webcast live on the Company's Investor Relations website.
Shake Shack is known for its all-natural Angus beef burgers and has expanded to approximately 300 locations across the U.S. and over 120 international locations.
Shake Shack (NYSE: SHAK) will participate in two virtual investor conferences in December 2020. The first event is a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1 at 11:00 a.m. ET. The second chat will take place at the Barclays Virtual Eat, Sleep, Play Conference on December 2 at 10:30 a.m. ET. Both events will be available for live streaming on Shake Shack's Investor Relations website at http://investor.shakeshack.com.
Shake Shack (NYSE: SHAK) will announce its Third Quarter 2020 financial results on October 29, 2020, post-market close. A conference call featuring CEO Randy Garutti and CFO Tara Comonte will take place at 5:00 p.m. ET. Investors can participate via phone or listen to a live audio webcast on the company's Investor Relations website. Shake Shack, known for its premium burgers and community engagement, has expanded to over 280 locations across the U.S. and internationally.