Welcome to our dedicated page for Shake Shack news (Ticker: SHAK), a resource for investors and traders seeking the latest updates and insights on Shake Shack stock.
Shake Shack Inc (SHAK) delivers modern fast-casual dining through premium burgers, hand-spun shakes, and community-driven restaurants. This page provides investors and industry observers with a centralized source for verified company news and announcements.
Track Shake Shack press releases, earnings reports, and strategic developments alongside analyses of menu innovations and market expansions. Our curated updates cover operational milestones, leadership changes, and industry trends impacting SHAK’s position in the competitive restaurant sector.
Key focus areas include new store openings, partnerships, culinary initiatives, and financial performance. Content is rigorously vetted to ensure accuracy and relevance for both casual observers and professional analysts. Bookmark this page to monitor SHAK’s evolving strategies in quality-driven casual dining.
Panera Brands, housing Panera Bread, Caribou Coffee, and Einstein Bros. Bagels, is set to pursue a traditional IPO in partnership with USHG Acquisition Corp. (NYSE:HUGS). As part of the agreement, Danny Meyer will invest in Panera Brands and will become its Lead Independent Director post-IPO. HUGS shareholders will directly own shares in Panera post-IPO, with JAB agreeing to offset any redemptions in HUGS shares with a corresponding investment in Panera. The transaction awaits the completion of Panera's IPO and shareholder approvals.
Shake Shack reported a record revenue of $193.9 million for Q3 2021, marking a 48.7% year-over-year increase. System-wide sales rose 53.1% to approximately $298 million. Same-Shack sales improved 24.8% compared to 2020. However, the company faces margin pressures due to inflation in commodity prices and increased investment in team members. Total digital sales accounted for 42% of Shack sales, retaining nearly 80% of peak digital sales from January 2021. The company anticipates Q4 2021 revenue between $193.5 million and $200 million.
Shake Shack Inc. (NYSE: SHAK) will release its third quarter 2021 financial results on November 4, 2021, after the market closes. A conference call will be held at 5:00 p.m. ET featuring CEO Randy Garutti and CFO Katherine Fogertey. Interested parties can access the call live via phone or through a webcast on the Company's Investor Relations website. Shake Shack operates a modern roadside burger stand with approximately 220 domestic locations across 32 states and over 100 international locations. The company aims to offer premium food while positively impacting its community.
Shake Shack (NYSE: SHAK) has announced its participation in several upcoming virtual investor conferences this September. Key events include:
- A fireside chat at Goldman Sachs 28th Annual Global Retailing Conference on September 10, 2021, at 10:00 am ET.
- A fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 13, 2021, at 12:45 pm ET.
- A fireside chat at the Raymond James 2021 Consumer Conference on September 14, 2021, at 11:00 am ET.
These events will be webcasted live on the Company’s Investor Relations website.
Shake Shack reported its Q2 2021 financial results, revealing a 104.2% revenue increase to $187.5 million compared to Q2 2020. Shack sales rose 102.7% to $181.5 million, with same-Shack sales up 52.7%. The company achieved an operating income of $3.3 million, a turnaround from last year's loss, and net income reached $2.1 million. Shake Shack plans to invest $10 million in team development. The company projects Q3 revenue guidance of $194-$200 million and Shack sales of $188-$193 million.
Shake Shack (NYSE: SHAK) plans to release its second quarter 2021 financial results on August 5, 2021, after market close. A conference call will follow at 5:00 p.m. ET, hosted by CEO Randy Garutti and CFO Katherine Fogertey. Investors can join the call by dialing (877) 407-0792 or (201) 689-8263 for international callers. A replay will be available until August 12, 2021. Shake Shack operates about 330 locations across the U.S. and internationally, offering a premium menu that includes burgers, chicken sandwiches, and shakes.
Shake Shack Inc. (NYSE: SHAK) is expanding its presence in China through an agreement with Maxim's Caterers Limited to open 10 new Shack locations in territories like Sichuan and Chongqing by 2031. This development increases their total commitment to 79 Shacks in China. Currently, Shake Shack operates 16 locations, with recent openings in Macau and Shenzhen. The company sees China as its fastest growing international market and continues to engage with consumers through premium products and community-focused spaces.
Shake Shack (NYSE:SHAK) announced the appointment of Katherine Fogertey as the new Chief Financial Officer, effective June 14, 2021. With over 15 years of financial expertise, particularly in the restaurant sector, Fogertey aims to enhance Shake Shack's financial operations. Prior to this role, she was a lead analyst at Goldman Sachs, specializing in restaurant technology and growth. CEO Randy Garutti expressed enthusiasm for her joining the leadership team during a critical growth phase for the Company.
Shake Shack (NYSE: SHAK) will participate in several virtual investor conferences this spring. Key events include:
- May 27, 2021: Fireside chat at Cowen 2nd Annual Digital Dining Summit at 9:20 am ET.
- June 2, 2021: Fireside chat at William Blair’s 41st Annual Growth Stock Conference at 10:20 am ET.
- June 10, 2021: Fireside chat at Baird 2021 Global Consumer, Technology & Services Conference at 9:40 am ET.
- June 16, 2021: Fireside chat at Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference at 9:55 am ET.
Live presentations will be available on Shake Shack's Investor Relations website.
Shake Shack reported Q1 2021 results with total revenue of $155.3 million, a 8.5% increase year-over-year. Shack sales rose 9.1% to $150.7 million. Average weekly sales improved to $64,000, reaching $68,000 by March. The company opened 10 new domestic Shacks in Q1 and plans 35 to 40 new openings for 2021. However, the operating loss increased to $10 million. Same-Shack sales grew 5.7% in Q1 and 86% in April 2021. Shake Shack holds $415.9 million in cash and securities as of March 31, 2021.
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