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. (NYSE: SHAK) is a restaurant company recognized for its Shacks that serve elevated American classics such as made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer and wine. This news page focuses on updates that affect SHAK stock and the company’s operations across its company-operated and licensed Shacks in the United States and internationally.
Investors and followers of Shake Shack can use this feed to review company-issued press releases and related coverage. Recent news has included preliminary unaudited financial updates for fiscal quarters and years, commentary on same-Shack sales trends, and details on restaurant-level profit and Adjusted EBITDA as defined by the company. Announcements also cover guidance ranges, long-term growth targets and system-wide unit growth expectations, all of which provide context for how Shake Shack views its expansion and profitability.
Beyond earnings and guidance, Shake Shack’s news often highlights strategic developments such as leadership changes, participation in investor conferences, and international and domestic expansion plans. Examples include updates on new market entries through licensed partners, such as planned Shacks in Vietnam and Hawaii, and the appointment of senior leaders focused on brand and marketing. These items help explain how the company is supporting its growth in both company-operated and licensed markets.
Because Shake Shack emphasizes its purpose to Stand For Something Good®, its news releases also describe its approach to ingredients, hospitality, community investment and the design of its Shacks. For those tracking SHAK, this page brings together financial disclosures, strategic announcements and brand-related developments in one place, making it easier to follow how the company’s restaurant base and brand footprint evolve over time.
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
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.
Shake Shack (NYSE: SHAK) announces plans to expand in Malaysia by opening 10 new locations by 2031. This initiative begins with the first Shack slated for opening in 2023, marking Shake Shack's sixth country entry in Southeast Asia. Partnering with SPC Group, this agreement solidifies a total of 45 Shacks across Korea, Singapore, and Malaysia by 2031. The companies aim to leverage their successful collaboration to enhance their presence in the region and meet growing consumer demand.
Shake Shack Inc. (NYSE: SHAK) will participate in the 24th Annual ICR Conference, presenting virtually on Tuesday, January 11, 2022, at 9:00 a.m. Eastern Time. The presentation will be led by Randy Garutti, CEO, and Katie Fogertey, CFO. Investors can access the live webcast via the Company’s Investor Relations website at http://investor.shakeshack.com.
Shake Shack serves a classic American menu, including premium burgers and more, with over 240 locations in the U.S. and over 125 internationally.
Shake Shack (NYSE:SHAK) will participate in several virtual investor conferences this fall. The schedule includes:
- November 17, 2021: Fireside chat at MKM Partners' Virtual Best Ideas Conference at 9:10 AM ET.
- November 30, 2021: Fireside chat at the Morgan Stanley Global Consumer & Retail Conference at 2:25 PM ET.
- December 1, 2021: Fireside chat at Barclays Eat Sleep Play Conference at 10:30 AM ET.
Live webcasts will be available on Shake Shack's Investor Relations website.
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.
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