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SHAK is expected to grow at a mid-teen percentage level for the next two years. Strong 2Q24 performance with 16% revenue growth and expanding margins. Marketing initiatives and drive-through improvements are expected to drive further growth.
Shake Shack stock broke out Thursday after rolling out AI-powered delivery robots. The NY burger chain posted solid Q2 results in early August.
Shake Shack (SHAK) benefits from robust same-shack sales, strategic expansion and innovative menu offerings.
Serve Robotics partners with Shake Shack for autonomous food delivery via Uber Eats, which should expand the serviceable market in Los Angeles. Serve Robotics reports Q2 earnings, showing revenue growth and plans to deploy 2000 robots by 2025. Despite positive developments, Serve Robotics is overvalued compared to peers and faces risks like high short interest and losses.
Serve Robotics (NASDAQ: SERV ) stock is on the rise Wednesday after the autonomous delivery robots company announced a new collaboration with Shake Shack (NYSE: SHAK ). With this agreement Serve Robotics' autonomous delivery robots will be used to deliver food from Shake Shack to customers.
Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.
Serve Robotics (Nasdaq: SERV), a leader in autonomous sidewalk delivery, and Shake Shack have announced a partnership to deliver Shake Shack meals via Serve's autonomous delivery robots on the Uber Eats delivery platform. Serve's autonomous delivery bots are quick and convenient, optimized for efficient route planning, and available on demand, ensuring food arrives reliably, and fresh.
U.S. markets were relatively calm Monday as Wall Street entered the home stretch of second-quarter earnings season after a volatile week of trading fueled by recession fears.
Shake Shack's (SHAK) sales have surged this year, boosting its stock price, while some of its burger-selling rivals like McDonald's (MCD), Wendy's (WEN), and Burger King of Restaurant Brands International (QSR) have struggled with customers pulling back on spending.
Shake Shack's (SHAK) fiscal second-quarter performance reflects benefits from product innovations, strategic menu pricing, technology implementations and promotions.