STOCK TITAN

Shake Shack Inc. - SHAK STOCK NEWS

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) is a modern-day “roadside” burger stand renowned for its all-natural burgers, flat-top dogs, frozen custard, beer, wine, and more. With a mission to stand for something good, Shake Shack emphasizes fresh, simple, and high-quality food at great value. The company creates community-gathering places that appeal to a wide demographic, making it a fun and lively destination.

Founded by Danny Meyer’s Union Square Hospitality Group, Shake Shack started as a humble hot dog cart in New York City’s Madison Square Park in 2004. Over the years, it has grown exponentially, with over 50 locations across the United States and internationally. The cornerstone of Shake Shack's menu is its premium burgers, made from a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, freshly ground daily and cooked to order. These burgers are served on potato buns that are non-genetically modified organisms (non-GMO), enhancing the quality and flavor.

Beyond burgers, Shake Shack offers a variety of classic American foods including hot dogs, crispy chicken, crinkle-cut fries, and a selection of hand-spun shakes. The company also prides itself on serving a range of beverages from draft root beer and freshly-squeezed lemonade to organic iced tea and cold brew coffee. Frozen custard and seasonal specials add a unique twist to its offerings, keeping the menu exciting and fresh.

Shake Shack is committed to sustainability and community investment. The company integrates environmental responsibility into its operations by using sustainable and recyclable materials. Its employment practices focus on creating a warm and inclusive work environment, training future leaders, and fostering intellectual curiosity among its employees.

Recent accomplishments include the expansion of their menu with innovative items and continuous growth in new markets. Financially, Shake Shack has shown robust performance, consistently attracting new customers and retaining loyal patrons. Strategic partnerships and collaborations have further solidified its position as a leader in the fast-casual dining sector.

Rhea-AI Summary
Xponential Fitness, Inc. (XPOF) appoints Jeffrey Lawrence to its Board of Directors, bringing decades of leadership experience from top consumer brands. Lawrence's expertise in franchising, technology, and financial acumen is expected to drive shareholder value and support the Company's global expansion and customer experience optimization initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
management
-
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) will announce its first quarter 2024 financial results on May 2, 2024, before the market opens. The conference call will feature CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
-
Rhea-AI Summary
Shake Shack appoints Rob Lynch as CEO, succeeding Randy Garutti, who will transition to an advisor role through 2024. Lynch, currently President and CEO of Papa John’s International, brings extensive leadership experience. The Board sees Lynch as instrumental in further elevating Shake Shack's global brand and culture of Enlightened Hospitality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
Rhea-AI Summary
Shake Shack Inc. to host a fireside chat at the UBS Global Consumer and Retail Conference on March 14, 2024, webcasted on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
conferences
-
Rhea-AI Summary
Shake Shack Inc. announced the promotion of Michael Kark to President of Global Licensing, enhancing his leadership in expanding the licensing model domestically and internationally. Kark's role includes scaling international infrastructure, strengthening partner relationships, and executing strategic priorities. The move reflects Shake Shack's focus on executive team excellence for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.04%
Tags
none
-
Rhea-AI Summary
Shake Shack Inc. reports strong financial performance for the fourth quarter and fiscal year 2023, with total revenue of $286.2 million and $1,087.5 million respectively. The company saw a 20.0% increase in revenue for the fourth quarter and a 20.8% increase for the fiscal year compared to 2022. Same-Shack sales were up 2.8% and 4.4% for the respective periods. Operating loss for the fourth quarter was $1.3 million, with a net income of $6.8 million. Adjusted EBITDA stood at $31.4 million for the fourth quarter. Shake Shack opened 15 new domestic Company-operated Shacks and 9 new licensed Shacks in various locations. The company plans to restate its financial statements for the fiscal years 2022 and 2021.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.04%
Tags
Rhea-AI Summary
Shake Shack Inc. will release Q4 and fiscal year 2023 financial results on February 15, 2024, with a conference call hosted by CEO Randy Garutti and CFO Katherine Fogertey. The call can be accessed live over the phone or via webcast on the Company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
-
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) announces CEO Randy Garutti's retirement in 2024 and the initiation of a search for his successor. The current CEO will continue to lead the company until then and will serve as an advisor post-retirement. The Board of Directors has launched an external search led by Korn Ferry to identify the new CEO. The company is targeting to surpass $1.0 billion in revenue this year and has achieved significant growth, operating in 18 countries, 33 states, and more than 500 locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.59%
Tags
none
-
Rhea-AI Summary
Shake Shack Inc. (NYSE: SHAK) to Participate in Investor Conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
conferences
Rhea-AI Summary
Shake Shack Inc. has reported its Q3 2023 results, showing total revenue of $276.2 million, up 21.2% YoY. System-wide sales reached $438.9 million, a 24.3% increase. Same-Shack sales were up 2.3% YoY. Operating income was $5.7 million, compared to an operating loss of $4.8 million in 2022. Net income was $8.1 million, compared to a net loss of $2.3 million in 2022. Adjusted EBITDA was $35.8 million, up 80.7% YoY. The company opened 10 new domestic Company-operated Shacks and 15 new licensed Shacks, including locations in the Bahamas and China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags

FAQ

What is the current stock price of Shake Shack (SHAK)?

The current stock price of Shake Shack (SHAK) is $128.87 as of December 20, 2024.

What is the market cap of Shake Shack (SHAK)?

The market cap of Shake Shack (SHAK) is approximately 5.2B.

What type of food does Shake Shack serve?

Shake Shack serves all-natural burgers, flat-top dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more.

Where was the first Shake Shack location?

The first Shake Shack opened in 2004 in New York City’s Madison Square Park.

What is the mission of Shake Shack?

Shake Shack's mission is to stand for something good by offering fresh, high-quality food and creating lively community-gathering places.

How does Shake Shack ensure the quality of its burgers?

Shake Shack's burgers are made from a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, freshly ground daily and cooked to order.

Does Shake Shack offer any beverages?

Yes, Shake Shack offers a range of beverages including draft root beer, freshly-squeezed lemonade, organic iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

What sustainability practices does Shake Shack follow?

Shake Shack uses sustainable and recyclable materials and integrates environmental responsibility into its operations.

How many Shake Shack locations are there?

There are over 50 Shake Shack locations across the United States and internationally.

Who founded Shake Shack?

Shake Shack was founded by Danny Meyer’s Union Square Hospitality Group.

Does Shake Shack have any special menu items?

Yes, Shake Shack offers seasonal specials and unique items like frozen custard to keep the menu exciting.

What kind of work environment does Shake Shack promote?

Shake Shack promotes a warm and inclusive work environment, focusing on training future leaders and fostering intellectual curiosity among its employees.

Shake Shack Inc.

NYSE:SHAK

SHAK Rankings

SHAK Stock Data

5.20B
37.99M
5.08%
99.34%
9.6%
Restaurants
Retail-eating & Drinking Places
Link
United States of America
NEW YORK