Shake Shack Announces Partnership With Grubhub for Nationwide Delivery

Shake Shack (NYSE:SHAK), the modern day “roadside” burger stand, today announced they have entered into an integrated partnership with Grubhub (NYSE:GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. The partnership reflects Shake Shack’s long-term digital growth and innovation strategy to make its iconic food more accessible to consumers through an increasing number of channels.

Grubhub and its Seamless brand in Shake Shack’s hometown of New York City - will be Shake Shack’s national delivery partner with direct-to-POS integration for menu syncing and order submission. With Grubhub’s “Just in Time” technology, pickups by drivers will be timed to the moment an order is ready, resulting in faster delivery, fresher food and a better guest experience. Shake Shack will have access to enhanced tools to analyze...

Shake Shack Announces First Quarter 2019 Financial Results

Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today reported its financial results for the first quarter ended March 27, 2019, a period that included 13 weeks.

Financial Highlights for the First Quarter 2019 compared to the First Quarter 2018:

• Total revenue increased 33.8% to $132.6 million.
• Shack sales increased 33.8% to $128.6 million.
• Same-Shack sales increased 3.6%.
• Shack system-wide sales increased 33.5% to $195.2 million.
• Operating income was $5.2 million, or 3.9% of total revenue, which included the impact of costs associated with Project Concrete and other one-time items totaling $0.5 million, resulting in a decrease of 20.8%.
• Shack-level operating profit...

Shake Shack Announces Fourth Quarter and Fiscal Year Ended 2018 Financial Results

Shake Shack Inc. (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 ...

Shake Shack's First Store in Mainland China will be Settled in Shanghai Xintiandi in Early 2019

The burger shop Shake Shack from New York will be settled in the north of Shanghai Xintiandi in early 2019. As the first store in the Mainland, Shake Shack will bring a variety of signature dishes to give guests a taste of authenticity.

Shake Shack has teamed up with Hong Kong Maxim Group to bring together Shanghai's local contractors, producers and artists to bring a refreshing cultural experience to everyone before opening.

Innovative visual artist Bruce Cui has been exploring and trying to create a new inspiration for various trend symbols and modern art. This cross-border cooperation combines the representative elements of Shanghai urban culture with Shake Shack's iconic menu ...

Shake Shack Announces Third Quarter 2018 Financial Results

Shake Shack Inc. (NYSE: SHAK) has 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 one-time items and...