Shake Shack (SHAK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shake Shack's strong performance is driven by its successful value proposition, premium pricing, and consistent comparable sales growth, outperforming QSRs and other fast-casual chains. The company leverages kiosks for upselling, strategic menu price increases, and a robust three-pillar plan to maintain perceived value and drive repeat visits. Shake Shack's expansion strategy includes opening new restaurants with attractive ROI, reducing construction costs, and focusing on international markets with high growth potential.
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Shake Shack founder Danny Meyer discusses overall restaurant demand and why earlier dinner reservations are doing better.
Rob Lynch, Shake Shack CEO, and Danny Meyer, Union Square Hospitality Group founder, join 'Money Movers' to discuss overall restaurant demand, why earlier reservations are doing better, and much more.
SHAK's push into drive-thru formats and its focus on optimizing real estate options bode well. However, inflationary pressures are a concern.
Rob Lynch, Shake Shack CEO, joins 'Closing Bell Overtime' to talk entering the CEO position, its store format, its labor model and more.
It is the first time the burger-and-shake chain will close stores for non-construction-related reasons.
Fast-casual burger chain Shake Shack said yesterday that it will close nine of its company-owned restaurants in California, Ohio, and Texas. This decision follows a recent evaluation that identified these locations as underperforming, partly due to shifts in local trade areas and customer overlap from nearby locations.
Shake Shack has risen more than 40% year to date, but there's further upside ahead. Initiating the stock with a buy rating. The company has continued to drive accelerating same-store sales growth, as recent price increases have done little to dent profit. And amid an inflationary environment, particularly in labor and the price of beef, the company has increased its gross margins.
Shake Shack Inc (NYSE:SHAK) stock is down 3.1% to trade at $104 at last check, after Piper Sandler downgraded the fast food chain to "neutral" from "overweight," and cut its price objective to $114 from $121.
Shake Shack's stellar revenue growth is very attractive. But growth can't be the only thing a stock has going for it.