Shake Shack Inc Stock Price, News & Analysis

Shake Shack announced plans to expand into Israel, with the first location set to open in Tel Aviv in 2024. The company will partner with Harel Wizel and Yarzin Sella Group to establish a total of 15 outlets across the country by 2033. Both partners have extensive experience in operating global brands, with Wizel leading a major retail group and Sella's firm managing over 30 culinary concepts.

Shake Shack aims to create a unique dining experience in Israel, featuring signature items like the ShackBurger and local collaborations. This expansion reflects Shake Shack's ongoing commitment to global growth, having already established over 450 locations worldwide.

Shake Shack Inc. (NYSE: SHAK) is scheduled to release its first quarter 2023 financial results on May 4, 2023, prior to market opening. A conference call will follow at 8:00 a.m. ET, hosted by CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or through a live audio webcast on the Company's Investor Relations website. A replay option will be available until May 11, 2023.

Since its inception in 2004, Shake Shack has expanded to over 440 locations globally, offering premium American fast food, focusing on quality ingredients and customer experience. The Company aims to Stand For Something Good^®, emphasizing community and employee development.

Shake Shack is set to open its flagship location in Toronto, Canada, in 2024, marking the brand's expansion into the Canadian market. The company plans to establish 35 outlets in Canada by 2035, initiated by this flagship store. This venture is in partnership with Osmington Inc. and Harlo Entertainment Inc., both prominent private investment firms in Toronto.

The menu will feature popular items like the ShackBurger® and exclusive Canadian offerings, emphasizing local collaborations. Shake Shack aims to deliver unique culinary experiences while maintaining its mission to Stand For Something Good®.

Shake Shack Inc. (NYSE: SHAK) will present at two investor conferences in March 2023. The first presentation will be a fireside chat on March 14, 2023 at J.P. Morgan's Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas, NV, starting at 8:35 a.m. PT. The second will be on March 15, 2023 at UBS's Global Consumer and Retail Conference in New York, NY, at 1:00 p.m. ET. These events can be accessed live via the Company's Investor Relations website. Shake Shack is renowned for its premium burgers and innovative dining experiences.

Shake Shack Inc. (NYSE: SHAK) announced its fourth quarter and fiscal year 2022 results, highlighting a total revenue of $238.5 million, a 17.4% increase compared to 2021. Shack sales contributed $229.9 million, while licensing revenue stood at $8.6 million. System-wide sales rose 15.8% to $364.1 million, with same-Shack sales up 5.1%. The company reported an operating loss of $6.3 million and a net loss of $11.1 million, or $0.27 per share. For the fiscal year, total revenue reached $900.5 million, marking a 21.7% increase, while net losses totaled $26.0 million. Shake Shack opened 22 new domestic and 13 licensed Shacks in 2022.

Shake Shack Inc. (NYSE: SHAK) is set to release its fourth quarter and fiscal year 2022 financial results on February 16, 2023, before the market opens. A conference call will follow at 8:00 a.m. ET, featuring CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or a live audio webcast on the company's Investor Relations website. Following the call, a replay will be available until February 23, 2023. Shake Shack continues to expand its presence with over 430 locations globally, offering high-quality food and a commitment to community engagement.

Shake Shack Inc. (NYSE: SHAK) reported preliminary unaudited results for the fourth quarter and fiscal year ending December 28, 2022. Total revenue reached $238.5 million for 4Q22 and $900.5 million for FY22. Shack sales were $229.9 million in 4Q22 and $869.3 million for the year. Same-Shack sales increased by 5.1% in 4Q22 and 7.8% for FY22. The company opened 36 new domestic Shacks during the year. Expected Shack-level operating profit margin is about 19% for Q4 and 17% for FY22.

Shake Shack announced its participation at the 25th Annual ICR Conference in Orlando, Florida, scheduled for January 10, 2023, at 9:00 a.m. ET. CEO Randy Garutti and CFO Katie Fogertey will present, which will be accessible via a live webcast on the Company's Investor Relations website. Shake Shack is known for its high-quality American classics made with premium ingredients and operates over 430 locations globally.