Shake Shack Inc Stock Price, News & Analysis

Shake Shack (NYSE: SHAK) will release its third quarter 2022 financial results on November 3, 2022, before 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 by dialing (877) 407-0792 for domestic calls and (201) 689-8263 for international inquiries. A replay will be available until November 10, 2022. The webcast can be found on the Investor Relations website.

Shake Shack Inc. (NYSE: SHAK) has announced its participation in two upcoming investor conferences in New York. On September 7, 2022, the Company will host a fireside chat at Goldman Sach’s 29th Annual Global Retailing Conference starting at 1:45 p.m. ET. Additionally, on September 15, 2022, it will participate in the Raymond James Consumer Conference at 10:55 a.m. ET. Both sessions will be webcast live on the Company’s Investor Relations website.

Shake Shack reported total revenue of $230.8 million for Q2 2022, marking a 23.1% increase from 2021, with $223.1 million from Shack sales and $7.7 million from licensing. System-wide sales reached $351.7 million, up 24.8%. Same-Shack sales grew 10.1%. The company posted an operating loss of $0.8 million and a net loss of $1.3 million, or $0.03 per share. Five new Company-operated Shacks and eight licensed openings were announced, including a new location in Guangzhou, China.

Union Square Hospitality Group (USHG) announced that Chip Wade will become CEO effective September 6, 2022, succeeding founder Danny Meyer, who remains Executive Chairman. Since joining in 2019, Wade has implemented a long-term growth plan, achieving surpassing pre-pandemic performance levels. USHG recently launched the acclaimed restaurant Ci Siamo and doubled its Daily Provisions brand footprint. Wade aims to drive growth through improved cultural, operational, and financial performance.

Shake Shack Inc. (NYSE: SHAK) will announce its second quarter 2022 financial results on August 4, 2022, before market opening. CEO Randy Garutti and CFO Katherine Fogertey will host a conference call at 8:00 a.m. ET. Call access is available at (877) 407-0792 or (201) 689-8263 for international callers. A replay will be available until August 11, 2022. The live audio webcast can be found on the Company's Investor Relations website, providing investors with timely updates regarding financial performance.

USHG Acquisition Corp. (NYSE:HUGS) has announced it will not extend its agreement with Panera Brands Inc. to participate in its upcoming IPO due to unfavorable capital market conditions. Danny Meyer, Chairman of HUGS, expressed disappointment over the market timing but emphasized a commitment to seek a new partnership aligned with their values. The company aims to leverage its extensive network to find a market-leading business that prioritizes employee welfare and stakeholder success.

Shake Shack (NYSE: SHAK) announced participation in various investor conferences in May and June 2022. Key events include:

• Fireside chat at Cowen’s Conference on May 24 at 1:50 p.m. ET.
• Virtual meetings at Loop Capital Markets Conference on June 1.
• Fireside chat at Baird’s Conference on June 6 at 12:50 p.m. ET.
• Fireside chat at William Blair’s Conference on June 7 at 1:40 p.m. ET.
• Fireside chat at Piper Sandler's Summit on June 8 at 3:35 p.m. ET (not webcasted).
• Virtual fireside chat at Oppenheimer Conference on June 15 at 1:40 p.m. ET.
• Presentations at Jefferies Consumer Conference on June 20-22.

Shake Shack reported total revenue of $203.4 million for Q1 2022, marking a 31.0% increase from 2021. Shack sales contributed $196.8 million, while licensing revenue was $6.6 million. System-wide sales rose 35.6% to $309.5 million, with same-Shack sales up 10.3%. The company reported an operating loss of $14.9 million and a net loss of $11.3 million, or $0.26 per share. Adjusted EBITDA stood at $9.6 million. Additionally, Shake Shack opened 7 new domestic locations and 6 licensed Shacks, including one in Nanjing, China.

Shake Shack is expanding its presence in Southeast Asia by opening its first location in Bangkok, Thailand, by the end of 2023. The company has partnered with Maxim’s Caterers Limited to establish a total of 15 Shacks in Thailand by 2032. The partnership reflects their commitment to quality ingredients and hospitality. Currently, Maxim’s operates 24 Shake Shacks in Greater China. The menu will include popular items like ShackBurger® and Chicken Shack. This expansion aims to cater to the growing demand for Shake Shack's offerings in the region.