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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.
Shake Shack Inc. (NYSE: SHAK) is scheduled to release its first quarter 2023 financial results on May 4, 2023, prior to 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 via phone or through a live audio webcast on the Company's Investor Relations website. A replay option will be available until May 11, 2023.
Since its inception in 2004, Shake Shack has expanded to over 440 locations globally, offering premium American fast food, focusing on quality ingredients and customer experience. The Company aims to Stand For Something Good®, emphasizing community and employee development.
Shake Shack is set to open its flagship location in Toronto, Canada, in 2024, marking the brand's expansion into the Canadian market. The company plans to establish 35 outlets in Canada by 2035, initiated by this flagship store. This venture is in partnership with Osmington Inc. and Harlo Entertainment Inc., both prominent private investment firms in Toronto.
The menu will feature popular items like the ShackBurger® and exclusive Canadian offerings, emphasizing local collaborations. Shake Shack aims to deliver unique culinary experiences while maintaining its mission to Stand For Something Good®.
Shake Shack Inc. (NYSE: SHAK) will present at two investor conferences in March 2023. The first presentation will be a fireside chat on
Shake Shack Inc. (NYSE: SHAK) announced its fourth quarter and fiscal year 2022 results, highlighting a total revenue of $238.5 million, a 17.4% increase compared to 2021. Shack sales contributed $229.9 million, while licensing revenue stood at $8.6 million. System-wide sales rose 15.8% to $364.1 million, with same-Shack sales up 5.1%. The company reported an operating loss of $6.3 million and a net loss of $11.1 million, or $0.27 per share. For the fiscal year, total revenue reached $900.5 million, marking a 21.7% increase, while net losses totaled $26.0 million. Shake Shack opened 22 new domestic and 13 licensed Shacks in 2022.
Shake Shack Inc. (NYSE: SHAK) is set to release its fourth quarter and fiscal year 2022 financial results on February 16, 2023, before the market opens. A conference call will follow at 8:00 a.m. ET, featuring CEO Randy Garutti and CFO Katherine Fogertey. Investors can access the call via phone or a live audio webcast on the company's Investor Relations website. Following the call, a replay will be available until February 23, 2023. Shake Shack continues to expand its presence with over 430 locations globally, offering high-quality food and a commitment to community engagement.
Shake Shack Inc. (NYSE: SHAK) reported preliminary unaudited results for the fourth quarter and fiscal year ending December 28, 2022. Total revenue reached
iNNBeauty Project has successfully closed a Series B investment led by Alliance Consumer Growth, with support from existing investors. The funds will enhance brand growth and boost exposure in Sephora, targeting expansion into Sephora Canada's omnichannel operations within the first half of 2023. iNNBeauty Project aims for further innovation and improved brand awareness after experiencing a remarkable 160% year-over-year growth.
Shake Shack Inc. (NYSE: SHAK) will participate in several investor conferences, including a fireside chat at the Barclays Eat, Sleep, Play Conference on
Shake Shack reported third-quarter 2022 total revenue of $227.8 million, an increase of 17.5% compared to 2021, with $219.5 million from Shack sales and $8.3 million from licensing. System-wide sales rose to $353.2 million (+18.3%). Same-Shack sales grew 6.3%. However, the company experienced an operating loss of $4.8 million and a net loss of $2.3 million, equating to a loss of $0.05 per share. Shake Shack opened 2 new domestic and 6 licensed Shacks, including in China and Korea.
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