November 5, 2018
Shake Shack to Participate in Investor Conferences
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK), today announced that the Company will participate in the following investor conferences: On Tuesday, November 13, 2018, the Company will be hosting a fireside chat at the Morgan Stanley Global Consumer & Retail Conference 2018 at the Crowne Plaza Times Square. The fireside chat will begin at 11:20 a.m. ET. On Tuesday, December 4, 2018, the Company will be hosting a fireside chat at the Barclays Eat, Sleep, Play – It’s All Discretionary Conference at the Westin New York Times Square in New York City. The fireside chat will begin at 10:00 a.m. ET. The fireside chats will also be webcast live from the Company's Investor Relations website at http://investor.shakeshack.com. ABOUT SHAKE SHACK: Shake Shack is a modern day “roadside” burger stand known for its 100% all-natural Angus beef burgers, chicken sandwiches and flat-top Vienna beef dogs (no hormones or antibiotics - ever), spun-fresh frozen custard, crinkle cut fries,...
November 1, 2018
Shake Shack Announces Third Quarter 2018 Financial Results
- Total Revenue Grew 26.5% to $119.6 Million - - System-wide Year-Over-Year Unit Growth of 31% - Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the third quarter ended September 26, 2018, a period that included 13 weeks. Financial Highlights for the Third Quarter 2018: Total revenue increased 26.5% to $119.6 million. Shack sales increased 27.2% to $115.9 million. Same-Shack sales decreased 0.7%. Operating income was $9.3 million, or 7.8% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $1.5 million, resulting in a decrease of 11.9%. Shack-level operating profit*, a non-GAAP measure, increased 20.7% to $29.9 million, or 25.8% of Shack sales. Net income was $6.9 million and net income attributable to Shake Shack Inc. was $5.0 million, or $0.17 per diluted share, which included an after-tax impact of $1.2 million related to Project Concrete and other...
October 16, 2018
¿Qué onda, México? Shake Shack is Latin America Bound
New York’s Iconic Burger, Hot Dog and Frozen Custard Stand Plans Mexico City Flagship in 2019 What’s next? CDMX! Shake Shack Inc.’s (“Shake Shack” or the “Company”) (NYSE: SHAK) long-awaited introduction to Latin America will finally come next year, with plans to open in Mexico City with partner Grupo Toks in 2019. Shake Shack is proud to partner with Grupo Toks, a leading food and retail group based in Mexico City with more than 40 years of knowledge and experience, to launch the first Shack in the region. Together they plan to open 30 total Shacks in Mexico through 2028. “We couldn’t be more excited about launching in Mexico,” said Michael Kark, Vice President of Global Licensing at Shake Shack. “For years our fans have been asking for Shake Shack to land in their neighborhood, and we’re thrilled to partner with Grupo Toks to build a place for the CDMX community to gather for a ShackBurger.” “This is a special day for us as we announce our partnership with Shake Shack. We are very...