Latest news with #ShakeShackInc
Yahoo
31-07-2025
- Business
- Yahoo
Shake Shack shares tumble despite Q2 earnings beat
-- Shake Shack Inc (NYSE:SHAK) reported second-quarter earnings that exceeded analyst expectations, but shares tumbled 7.7% as investors appeared to look past the positive results. The burger chain posted adjusted earnings of $0.44 per share for the second quarter, beating the analyst consensus of $0.37 by $0.07. Revenue came in at $356.5 million, slightly above the consensus estimate of $353.58 million and up 12.6% compared to the same period last year. Same-Shack sales increased 1.8% year-over-year, while system-wide sales rose 13.7% to $549.9 million. The company's restaurant-level profit reached $82.2 million, representing 23.9% of Shack sales, while adjusted EBITDA grew 24.8% to $58.9 million. "Our strong second quarter results demonstrate the continued momentum in our business as we focus on delivering exceptional guest experiences," said Robert Lynch, Chief Executive Officer of Shake Shack. "We're seeing positive trends across both our company-operated and licensed locations." During the quarter, Shake Shack expanded its footprint by opening 13 new company-operated locations, including two drive-thrus, and nine new licensed Shacks. The company now operates over 600 locations globally, with more than 390 in the United States and over 210 international locations. The company's operating income more than doubled to $22.4 million compared to $10.8 million in the same quarter last year. Net income rose to $18.5 million from $10.4 million in the prior-year period. Despite the positive results across key metrics, the significant stock decline suggests investors may have been expecting even stronger performance or guidance from the fast-casual restaurant chain. Related articles Shake Shack shares tumble despite Q2 earnings beat Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Apollo economist warns: AI bubble now bigger than 1990s tech mania Sign in to access your portfolio
Business Wire
14-07-2025
- Business
- Business Wire
Shake Shack Appoints Jamie Griffin as Chief People Officer
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. ('Shake Shack' or the 'Company') (NYSE: SHAK) today announced the appointment of Jamie Griffin as Chief People Officer, effective immediately. Griffin will report to Rob Lynch, CEO of Shake Shack. 'Jamie brings a deep passion for restaurants, an incredible track record of scaling great brands, and a genuine commitment to people,' said Rob Lynch, CEO of Shake Shack. 'As we look toward growing to 1,500 Shacks and welcoming thousands of new team members, his leadership will be instrumental in helping us to continue to build the kind of Shake Shack that we can all be proud of.' As Chief People Officer, Griffin will serve as a strategic advisor to executive leadership and the Board of Directors, guiding the vision and execution of Shake Shack's people-first approach. Griffin will oversee key areas of the Company, including team member experience, talent acquisition, organizational design, leadership development, total rewards, HRIS operations, compliance, and team member relations. Additionally, he will lead the Shack Support Center HR team to support enterprise growth, build organizational capability, and shape a high-performance, people-first culture rooted in enlightened hospitality. "I'm honored to join Shake Shack at such a meaningful moment in its journey. Shake Shack's people-first culture and bold growth align with my passion for building exceptional workplaces and cultivating the leaders who power them,' said Griffin. 'I'm energized to partner with our teams to develop our people, strengthen the systems that support them, and ensure our culture scales with purpose." A seasoned hospitality leader and founder of the strategic advisory firm Consult to Grow®, Griffin brings more than two decades of experience helping restaurants scale, evolve, and build strong, people-centered cultures. During his tenure at Raising Cane's Chicken Fingers, he held roles across multiple parts of the business, rising to Senior Vice President. He holds a Bachelor of Science from Louisiana State University, an MBA from Tulane, and is a Senior Certified Professional with the Society for Human Resources. ABOUT SHAKE SHACK Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to over 610 locations system-wide, including over 390 in 34 U.S. States and the District of Columbia, and over 215 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android.
Business Wire
10-07-2025
- Business
- Business Wire
Shake Shack to Announce Second Quarter 2025 Financial Results on July 31, 2025
NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. ('Shake Shack' or the 'Company') (NYSE: SHAK), will release second quarter 2025 financial results on July 31, 2025, 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 callers by dialing (201) 689-8263. A replay of the call will be available until August 7, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13753940. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Company's Investor Relations website at An archived replay of the webcast will also be available shortly after the live event has concluded. About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to more than 600 locations system-wide, including over 390 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android.
Bloomberg
28-05-2025
- Business
- Bloomberg
Shake Shack to Reward Customers for Buying Burgers More Frequently
Shake Shack Inc. is rolling out its first loyalty program, betting that it can boost sales by enticing diners to visit more often. Starting Wednesday, the New York-based chain will offer app users small and large sodas for $1. On June 5, Shake Shack will allow customers ordering online or on the app to unlock discounts by ordering a burger or BBQ sandwich at least twice within a certain time period. The company will unveil a broader loyalty platform later this year.
Yahoo
27-05-2025
- Business
- Yahoo
Should You be Optimistic on Shake Shack's (SHAK) Growth?
Carillon Tower Advisers, an investment management company, released its 'Carillon Eagle Small Cap Growth Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. Small-cap stocks experienced a significant drop in Q1, with the Russell 2000 Growth Index (down 11.12%) trailing the Russell 2000 Value Index (down 7.74%). In the Russell 2000 Growth Index, real estate, which increased by 1.76%, outperformed all sectors both absolutely and relatively. The only other sector delivering positive returns was consumer staples, which rose by 0.67%. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Carillon Eagle Small Cap Growth Fund highlighted stocks such as Shake Shack Inc. (NYSE:SHAK). Shake Shack Inc. (NYSE:SHAK) owns, operates, and licenses Shake Shack restaurants. The one-month return of Shake Shack Inc. (NYSE:SHAK) was 31.17%, and its shares gained 20.62% of their value over the last 52 weeks. On May 23, 2025, Shake Shack Inc. (NYSE:SHAK) stock closed at $117.62 per share with a market capitalization of $5.018 billion. Carillon Eagle Small Cap Growth Fund stated the following regarding Shake Shack Inc. (NYSE:SHAK) in its Q1 2025 investor letter: "Shake Shack Inc. (NYSE:SHAK) is a fast-casual restaurant chain offering burgers, hot dogs, crinkle-cut fries, chicken dishes, milkshakes, and other beverages. The stock lagged during the period due to slightly disappointing 3-year margin guidance and a choppy first quarter in sales for the restaurant industry overall. Although investors were disappointed in the 3-year targets outlined during January's ICR Conference, the targets seemed conservative in our view and the company highlighted potential for future growth against a challenging consumer backdrop. We remain optimistic about the company's ability to grow units, comparable sales, and margins over the next few years." A cook in a busy kitchen preparing a delicious cooking of burgers and fries. Shake Shack Inc. (NYSE:SHAK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Shake Shack Inc. (NYSE:SHAK) at the end of the first quarter, which was 43 in the previous quarter. In the first quarter of 2025, Shake Shack Inc. (NYSE:SHAK) reported revenue of $320.9 million, representing an increase of 10.5% year-over-year. While we acknowledge the potential of Shake Shack Inc. (NYSE:SHAK) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Shake Shack Inc. (NYSE:SHAK) and shared the list of best restaurant stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
