May 6, 2021
Shake Shack Announces First Quarter 2021 Financial Results
– Total Revenue Increased 8.5%, to $155.3 million, Compared to First Quarter 2020 – Same-Shack Sales Up 5.7% Compared to Same Period Last Year; Fiscal April Up 86% – Average Weekly Sales Show Significant Improvement, Exiting First Quarter 2021 at $68,000 in Fiscal March – Digital Channels Maintain 90% Sales Retention In Fiscal April Versus Fiscal January as in-Shack Sales Grow Incrementally; Company Owned App & Web Sales Grew ~230% YoY in First Quarter 2021 Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the first quarter ended March 31, 2021, a period that included 13 weeks. Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry." Garutti continued, “In the first quarter and so...
April 15, 2021
Shake Shack to Announce First Quarter 2021 Financial Results on May 6, 2021
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), will release First Quarter 2021 financial results on May 6, 2021, after the market closes. In conjunction with the earnings release, Shake Shack will host a conference call at 5:00 p.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Tara Comonte, President and 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 May 13, 2021 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13718230. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Company's Investor Relations website at investor.shakeshack.com . An archived replay of the webcast will also be available shortly after the live event has concluded. About Shake Shack Shake Shack is a...
March 29, 2021
Shake Shack Announces Tara Comonte Stepping Down as President and CFO
Shake Shack Creates Board Sub-Committee to Lead CFO Search Ms. Comonte to Remain Through Q1 Earnings Cycle, With Her Final Day May 7th Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that Tara Comonte, President and Chief Financial Officer for the last four years, will depart the Company to become CEO of a private company outside of the restaurant industry. Comonte, who joined Shake Shack in 2017, will remain in her current role through May 7, 2021 to oversee the Company's fiscal first quarter 2021 reporting period and ensure a thorough transition of her responsibilities. The Company is in the process of retaining a firm to manage the search for a new Chief Financial Officer, led by a sub-committee of the Board of Directors. Ms. Comonte’s responsibilities will be transitioned to other existing members of the Shake Shack leadership team until such time as the search is concluded. Randy Garutti, CEO of Shake Shack stated, "On behalf of our Board and our...