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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. (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.
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.
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