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Why Shake Shack Shares Are Falling Today
Friday, February 18, 2022 - 11:29am | 279Shake Shack Inc (NYSE: SHAK) is trading lower Friday morning after the company announced its fourth-quarter financial results and issued guidance below estimates. Shake Shack said quarterly revenue increased 29% year-over-year to $203.3 million, which beat the $202.67 million...
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Shake Shack CEO Says NYC Indoor Dining Rules 'Make Less Sense' For Fast Casual Chain
Wednesday, September 16, 2020 - 3:25pm | 407New York City restaurants can resume indoor dining at 25% capacity beginning Sept. 30, but NYC-born Shake Shack Inc (NYSE: SHAK) CEO Randy Garutti isn't overly optimistic about the landscape there, Fox Business reported. What Happened: Shake Shack will have to comply with indoor...
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Shake Shack CEO: Restaurants Of All Sizes Hurting
Friday, April 3, 2020 - 3:28pm | 368Shake Shack Inc (NYSE: SHAK) said this week same-store sales were down 29% in March as restaurants of all shapes and sizes are hurting in the current environment, CEO Randy Garutti said Friday on CNBC. Everyone Is Impacted All restaurants ranging from small "mom-and-pop" restaurants to...
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Shake Shack Falls Despite Q3 Earnings Beat
Monday, November 4, 2019 - 5:32pm | 218Shake Shack Inc (NYSE: SHAK) shares a plummeting despite reporting a third-quarter earnings beat. Earnings came in at 26 cents per share, beating estimates by 6 cents. Sales came in at $157.8 million, beating estimates by $144,000. The company also raised 2019 sales guidance, but still fell short...
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Shake Shack CEO Talks Business Model, Breakfast
Saturday, July 1, 2017 - 12:33pm | 427Shares of Shake Shack Inc (NYSE: SHAK) soared after its 2015 initial public offering but are now down by around 25 percent since the company's first day of trading. But the company is still in the very early stages of its long-term plan, which should bode well for investors. Shake Shack is only...
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Shake Shack CEO Comments At Piper Jaffray Conference Drive Shares Lower
Wednesday, June 14, 2017 - 2:36pm | 406Shake Shack Inc (NYSE: SHAK) CEO and Director, Randy Garutti, answered questions at the Piper Jaffray Consumer Conference on Wednesday, while Shake Shack shares fell 2 percent. Here are some of the notable comments. The Ever-Changing Restaurant Industry Garutti highlighted how he's seeing a...
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Shake Shack CEO Says Outlet Mall Success Eye-Opening
Tuesday, January 12, 2016 - 2:35pm | 234Shake Shack Inc (NYSE: SHAK) may have found some lucrative new strategic store locations. Following the success of the company’s new location at the Woodbury Commons outlet mall in New York, the company may soon be on the hunt for more outlet mall opportunities. “It took us a few...
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Does Shake Shack Have More Growth Ahead?
Thursday, June 25, 2015 - 3:16pm | 327In a research note published Wednesday, Jefferies analysts Andy Barish, Alexander Slagle and Reena Krishnan shared their impressions on Shake Shack Inc (NYSE: SHAK) following the Jefferies 2015 Global Consumer Conference, where CEO Randy Garutti had the chance to speak. The CEO highlighted the...