Latest news with #ShackShack


CNBC
02-05-2025
- Business
- CNBC
Jim Cramer's positive on Shake Shack despite earnings miss: 'It's a compelling story'
CNBC's Jim Cramer on Friday gave several reasons to like Shake Shack, even after the burger chain's recent quarter missed expectations. "Shake Shack's quarter came up short on several key metrics, but the stock still managed to rally, in part because it was already down so much, but also because their margins are improving and management's got countless growth initiatives going," he said. Shake Shack reported a disappointing quarter on Thursday, as revenue and earnings came in light, and the company cut its full-year forecast. However, after an initial decline, shares managed to jump and closed up 6.38% on Friday. Cramer suggested Shake Shack's restaurant-level profit margin was a bright spot, as it actually grew more than expected. The company said business benefited from lower costs of paper and food as well as labor, claiming it has become more efficient with throughput. He also said that guidance was more mixed than fully negative, as Shack Shack raised its three-year forecast for restaurant-level profit margin. Commentary on the conference call was also encouraging, Cramer continued. Management seemed confident that negative foot traffic this quarter is temporary, he said. The company attributed the issue in part to inclement weather in larger markets and said momentum started to pick up in April as spring progressed. He also noted that despite tariff concerns, the company still plans to reduce the costs of building new locations by 10%. Shake Shack also claimed it had an edge in combatting the persistent industry-wide challenge of inflation, Cramer pointed out. The fast food maker outfit said it exited the quarter with less than 2% menu pricing increases compared to last year and indicated it is focused on keeping prices in check. But consumers seem to be responding well even to pricier items, Cramer pointed out, as Shake Shack saw success with a new shake that went viral and cost about $8. While Cramer said he's interested in the stock, and "this regional to national growth story won't exhaust itself any time soon," investors may want to wait to buy because of its recent gains. "I think this is a very compelling story," he said. "You may want to wait for a better entry point after today being up 6%, but I got to tell you, Shake Shack — it's here, it's bottomed, I like it." Shake Shack did not immediately respond to request for comment. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest


USA Today
06-03-2025
- Business
- USA Today
Shake Shack burgers now available on Delta flights out of more cities
Shake Shack burgers now available on Delta flights out of more cities Show Caption Hide Caption Delta to offer Shake Shack burgers on more flights Delta Air Lines' expansion of its partnership with the burger chain means more first class passengers will be able to enjoy Shake Shack burgers on flights from various U.S. cities. Fox - 10 Phoenix Shack Shack burgers are now available on Delta Air Lines flights to four more cities this year, the airline announced this week. As of Tuesday, the fast food chain's burgers are available in first class on flights over 900 miles departing from Atlanta, Los Angeles, New York-LaGuardia, and Seattle. The move comes after a December initial launch out of Boston. Since then, the airline has served more than 10,000 burgers in the sky, according to Delta Managing Director of Onboard Service Stephanie Laster. 'The response has been incredible and we're thrilled to expand this partnership, giving even more Delta travelers the chance to enjoy Shake Shack along their journey," Shake Shack President of Global Licensing Michael Kark said. What does the Shack Shack burger come with on Delta flight? Sorry, first-class passengers: No fries come with the burger. But the cheeseburger is a 100% Angus beef patty topped with cheese served on a toasted potato bun. Customers can customize it with toppings including tomato, lettuce and ShackSauce, all served on the side. The meal also includes chips, a Caesar salad and a dark chocolate brownie, according to a press release from both companies. 'This is part of our work to partner with brands our customers already know and love while continuing to raise the bar for the in-flight experience – whether that's making your favorite cheeseburger available at 35,000 feet, or ensuring you have a variety of fresh meals to choose from that fuel you on your adventure," Laster said. Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund.


USA Today
05-03-2025
- Business
- USA Today
Shake Shack burgers will soon be available on Delta flights out of more cities
Shake Shack burgers will soon be available on Delta flights out of more cities Show Caption Hide Caption Delta to offer Shake Shack burgers on more flights Delta Air Lines' expansion of its partnership with the burger chain means more first class passengers will be able to enjoy Shake Shack burgers on flights from various U.S. cities. Fox - 10 Phoenix Shack Shack burgers are now available on Delta Air Lines flights to four more cities this year, the airline announced this week. As of Tuesday, the fast food chain's burgers are available in first class on flights over 900 miles departing from Atlanta, Los Angeles, New York-LaGuardia, and Seattle. The move comes after a December initial launch out of Boston. Since then, the airline has served more than 10,000 burgers in the sky, according to Delta Managing Director of Onboard Service Stephanie Laster. 'The response has been incredible and we're thrilled to expand this partnership, giving even more Delta travelers the chance to enjoy Shake Shack along their journey," Shake Shack President of Global Licensing Michael Kark said. What does the Shack Shack burger come with on Delta flight? Sorry, first-class passengers: No fries come with the burger. But the cheeseburger is a 100% Angus beef patty topped with cheese served on a toasted potato bun. Customers can customize it with toppings including tomato, lettuce and ShackSauce, all served on the side. The meal also includes chips, a Caesar salad and a dark chocolate brownie, according to a press release from both companies. 'This is part of our work to partner with brands our customers already know and love while continuing to raise the bar for the in-flight experience – whether that's making your favorite cheeseburger available at 35,000 feet, or ensuring you have a variety of fresh meals to choose from that fuel you on your adventure," Laster said. Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund.