March 4, 2019
Shake Shack to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK), today announced that the Company will be hosting a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum at the Encore at Wynn Las Vegas on Thursday, March 14, 2019. The fireside chat will begin at 10:30 a.m. Eastern Time. The fireside chat 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, craft beer and wine and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community gathering place with widespread appeal. Shake Shack’s mission is to Stand for Something Good®, from its premium ingredients and caring hiring practices to its...
February 25, 2019
Shake Shack Announces Fourth Quarter and Fiscal Year Ended 2018 Financial Results
- Fourth Quarter Total Revenue Grew 29.3% - - Fourth Quarter Same-Shack Sales Increased 2.3% - - Fiscal 2018 Total Revenue Grew 28.0% - - System-wide Year-Over-Year Unit Growth of 31% - Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today reported financial results for the fourth quarter and the fiscal year ended December 26, 2018, periods that included 13 and 52 weeks, respectively. Financial Highlights for the Fourth Quarter 2018: Total revenue increased 29.3% to $124.3 million. Shack sales increased 29.6% to $120.7 million. Same-Shack sales increased 2.3%. Shack system-wide sales increased 27.2% to $178.9 million Operating income was $2.8 million, or 2.3% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.7 million. Shack-level operating profit*, a non-GAAP measure, increased 15.6% to $27.2 million, or 22.5% of Shack sales. 20 net system-wide Shack openings, including 17 domestic...
February 20, 2019
Shake Shack Strengthens Executive Team Ahead of Robust Growth; Appointments Include Chief Development Officer, Chief Global Licensing Officer, Chief Information Officer and Chief Marketing Officer
The company also welcomes its newest board member Shake Shack today announced the appointments of Chief Development Officer, Chief Global Licensing Officer, Chief Information Officer and Chief Marketing Officer, as well as the addition of its ninth board member. All four positions represent new roles at the company, filled with a balanced team of internal and external talent. With sizeable growth ahead and a relentless focus on excellence, experience and hospitality, Shake Shack’s team of senior leaders will be instrumental in its strategic growth. Andrew McCaughan , formerly Vice President of Development at Shake Shack, has been promoted to Chief Development Officer, effective February 28, 2019. He will be responsible for the overall growth of the company, leading the real estate strategy, design, construction and facilities functions. Since joining the company in 2010 with just three Shacks, Andrew has developed and led a best in class development team, secured iconic real estate in...