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Shake Shack's strong performance is driven by its successful value proposition, premium pricing, and consistent comparable sales growth, outperforming QSRs and other fast-casual chains. The company leverages kiosks for upselling, strategic menu price increases, and a robust three-pillar plan to maintain perceived value and drive repeat visits. Shake Shack's expansion strategy includes opening new restaurants with attractive ROI, reducing construction costs, and focusing on international markets with high growth potential.
Shake Shack founder Danny Meyer discusses overall restaurant demand and why earlier dinner reservations are doing better.
Rob Lynch, Shake Shack CEO, and Danny Meyer, Union Square Hospitality Group founder, join 'Money Movers' to discuss overall restaurant demand, why earlier reservations are doing better, and much more.
SHAK's push into drive-thru formats and its focus on optimizing real estate options bode well. However, inflationary pressures are a concern.
NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), will release third quarter 2024 financial results on October 30, 2024, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international cal.
Rob Lynch, Shake Shack CEO, joins 'Closing Bell Overtime' to talk entering the CEO position, its store format, its labor model and more.
It is the first time the burger-and-shake chain will close stores for non-construction-related reasons.
Shake Shack Inc (NYSE:SHAK) stock is down 3.1% to trade at $104 at last check, after Piper Sandler downgraded the fast food chain to "neutral" from "overweight," and cut its price objective to $114 from $121.
U.S. stock futures were slightly higher this morning, with the S&P 500 futures gaining around 0.1% on Monday.
Shake Shack's stellar revenue growth is very attractive. But growth can't be the only thing a stock has going for it.