Shake Shack Inc Stock Price, News & Analysis

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.

Shake Shack has released its annual Stand For Something Good® Summary for 2021, highlighting efforts in diversity, equity, and inclusion. Key achievements include a 4% increase in leadership diversity and over 2,800 internal promotions, with a significant focus on people of color and women. The company also reported $9 million in wage increases and created 1,522 jobs. Sustainability efforts saw the company reduce carbon emissions and implement eco-friendly practices across its operations. CEO Randy Garutti expressed pride in the company's progress and commitment to positive change.

Shake Shack (NYSE: SHAK) will release its first quarter 2022 financial results on May 5, 2022, after market close. A conference call to discuss these results will be hosted by CEO Randy Garutti and CFO Katherine Fogertey at 5:00 p.m. ET. The call will be accessible via phone or through a live audio webcast on the company’s Investor Relations website. Shake Shack continues its growth trajectory with over 350 locations across the U.S. and globally, emphasizing high-quality food and community engagement.

Shake Shack (NYSE: SHAK) announced its participation in two upcoming virtual investor conferences in March 2022. The first fireside chat is scheduled for March 7, 2022, at 12:50 p.m. Eastern Time during the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. The second chat will take place on March 10, 2022, at 2:00 p.m. Eastern Time at the UBS Global Consumer & Retail Conference. Both events will be webcast live from Shake Shack's Investor Relations website.

Shake Shack reported strong financial results for Q4 2021 and the fiscal year ended December 29, 2021. Total revenue reached $203.3 million in Q4 and $739.9 million for the fiscal year, marking a year-over-year increase of 29.0% and 41.5%, respectively. Same-Shack sales rose 20.8% year-over-year in Q4. The company opened 13 new domestic shacks in Q4 and a total of 36 domestic shacks in 2021. Despite ongoing challenges from the Omicron variant, Shake Shack remains optimistic about growth, with plans for 45 to 50 new domestic openings in 2022.

DoorDash (NYSE: DASH) and Shake Shack (NYSE: SHAK) have launched a limited-time dating site called LetsEatCute.com, targeting singles who love Shake Shack's Buffalo Chicken Sandwich. From February 3 to 7, users can create profiles quickly and match with fellow sandwich enthusiasts. Upon matching, users receive a promotional code for a free Buffalo Chicken Sandwich and are entered for a chance to win a $5,000 DoorDash gift card. The promotion highlights partnerships with influencers Rahul Rai and Courtney Parchman, aiming to engage food-loving singles this Valentine's Day.

Shake Shack will release its fourth quarter 2021 financial results on February 17, 2022, after market close. The earnings call is scheduled for 5:00 p.m. ET, featuring CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or through a live audio webcast available on Shake Shack's Investor Relations website. The call replay will be available until February 24, 2022.

Shake Shack operates over 240 domestic and 125 international locations, offering a variety of premium food items.

Shake Shack Inc. (SHAK) announced preliminary unaudited financial results for the fourth quarter and full year ending December 29, 2021.

Total revenue for 4Q21 reached $203.3 million, marking a 29% increase from 2020, while FY21 total revenue was $739.9 million, up 41.5%.

Shack-level operating profit margin is expected at 16%. The company opened 36 new Shacks in 2021 and plans 45-50 openings in 2022. Challenges included reduced operating hours due to COVID-19's impact on staffing.