Shares of Shake Shack Inc. (SHAK) have increased 20.1% year to date against the industry’s decline of 4.5%. The company is benefiting from expansion, marketing innovation and operational efficiencies. Also, focus on digital initiatives bodes well. However, inflationary pressures are a concern.Let’s discuss why investors should retain the stock for the time being.Factors Driving GrowthShake Shak focuses on store openings to effectively strategize its expansion plans. The company is pleased with the sales lev ...

Shake Shack Inc. (SHAK) has experienced remarkable success, fueled by strong same-shack sales, strategic expansion and innovative menu offerings. These initiatives have propelled the company's shares upward by an impressive 49.1% over the past year, in stark contrast to the industry’s 4.8% decline.However, in the past month, the stock has declined 7.8%. The decline was primarily due to inflationary pressure. Its premium ingredients have witnessed a significant increase in price in a very short period. Total ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☑ EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission file number: 001-36823 SHAKE SHACK INC. (Exact name of registrant as specified in its charter) Delaware 47-1941186 (State or othe ...

Shake Shack Inc. (NYSE:SHAK) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Michael Oriolo - VP, SP&A and IR Randy Garutti - CEO Katie Fogertey - CFO Conference Call Participants Sharon Zackfia - William Blair Lauren Silverman - Deutsche Bank Brian Vaccaro - Raymond James Brian Mullan - Piper Sandler Michael Tamas - Oppenheimer and Company Peter Saleh - BTIG Sara Senatore - Bank of America Jake Bartlett - Truist Securities Andrew Charles - Cowen and Company David Tarantino - Ba ...

Exhibit 99.1 Shake Shack Announces First Quarter 2024 Financial Results ▪ Total revenue of $290.5 million, up 14.7% versus 2023, including $280.6 million of Shack sales and $9.9 million of Licensing revenue. ▪ System-wide sales of $443.3 million, up 12.3% versus 2023. ▪ Same-Shack sales up 1.6% versus 2023, with trends improving each month of the quarter. April SSS grew 4.9% year-over-year. ▪ Operating income of $0.0 million, versus an operating loss of $3.2 million in 2023. • Restaurant-level profit(1) of ...

Danny Meyer, founder and chief executive officer of the Union Square Hospitality Group LLC, listens during a Bloomberg Television interview in New York, U.S., on Tuesday, Aug. 15, 2017.Danny Meyer, the founder of Shake Shack, acknowledges that he hasn't always been a golfer, but when he finally decided he wanted to start to play, he faced an issue many players have with the sport: a lack of time to play and difficultly finding a course to play on.That led Meyer to take a lesson with a golf pro on an indoor ...

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Key PointsShares of Shake Shack have rallied since the summer of 2022 but have yet to reclaim previous highs. However, with several key tailwinds in place, it's in a powerful position to retry. This week's comments from TD Cowen should be enough to drive the stock to further gains in the near term. 5 stocks we like better than MicrosoftWith so much talk around tech stocks lately, it can be refreshing to hear about a stock from a completely different industry. Shake Shack Inc. NYSE: SHAK, whose shares have b ...

Shares of Shake Shack (SHAK 3.45%) were surging last month as the fast-casual burger flipper delivered a strong earnings report and impressed Wall Street with its guidance, which called for improving margins in 2024.The company is also accelerating its restaurant growth, tapping into demand for a brand that has always been one of the highest-trafficked fast food chains.According to data from S&P Global Market Intelligence, Shake Shack gained 40.7% last month. As you can see from the chart below, the earning ...

Workforce and Employee Benefits - Shake Shack operates 518 Shacks system-wide, including 295 domestic Company-operated Shacks, 39 domestic licensed Shacks, and 184 international licensed Shacks across major cities globally[22] - The company has 12,196 team members as of December 27, 2023, with 11,795 hourly team members and Shack-level managers, and 401 home office personnel[29] - Shake Shack expanded its health benefits in fiscal 2023 to include reproductive health benefits, family planning, pregnancy termination coverage, and counseling support[34] - The company launched a new learning management system with 230 help articles, utilized over 29,000 times by team members, and improved compliance training through its ERP system[28] - Shake Shack's workforce is 48% women and 76% people of color, reflecting its commitment to diversity and inclusion[37] - The company implemented predictive scheduling tools and expanded its talent acquisition team to improve staffing and compliance[26][30] - Shake Shack introduced a new mobile-friendly hiring platform expected to roll out in early 2024, aiming to enhance the candidate experience and reduce recruiting hours for managers[28][31] - The company extended its equity-based compensation program to all General Managers to incentivize performance and ownership[34] - Shake Shack was recognized as a "Best Place to Work for LGBTQ+ Equality" by the Human Rights Campaign for the fifth consecutive year[37] - The company launched unconscious bias training modules for leaders in fiscal 2023 to address bias and promote inclusivity[37] - The HUG Fund provided over 170 grants since 2017, with over 40 team members receiving grants in fiscal 2023 to alleviate financial hardships[39] - Shake Shack promoted 3,234 employees in fiscal 2023, with 52% being women and 76% being people of color[44] - The Shift Up leadership program had 88 participants in fiscal 2023, with 14 promoted to Manager-In-Training, Manager, or California Non-Exempt Manager roles[43] - Shake Shack launched a 14-week leadership course in fiscal 2023, resulting in 15 leaders receiving Columbia Business School certificates and a 95% satisfaction rate[41] - The company achieved 100% of core competencies and over 50% of leadership competencies developed in fiscal 2023[43] - Shake Shack expanded its Enterprise Resource Planning System (ERP) resources, including a new learning management system and a knowledge portal with 230 help articles, utilized over 29,000 times by team members[28] - The company implemented a new mobile-friendly platform for job applications and interview scheduling, expected to roll out in early 2024[28] - Shake Shack launched compliance and safety e-learning courses tailored by location and level, with automated course progress tracking in fiscal 2023[28] - The company improved employee retention and turnover rates in fiscal 2023 by evolving its value proposition, including health and well-being benefits, absence support, and tipping options[33] - Shake Shack began running food to tables in nearly all Shacks in fiscal 2023 to improve hospitality and tipping opportunities for team members[33] - The company is developing a new team member handbook to be rolled out in 2024, updated for new and current legal requirements[28] - Shake Shack expanded its predictive scheduling tools and team to assist with compliance and staffing needs[26] - The company launched a New Manager Program and piloted a high-potential team member leadership program in fiscal 2023[26] - Expanded health benefits to include reproductive health, family planning, pregnancy termination coverage, and counseling support[34] - Equity-based compensation program extended to all General Managers to incentivize performance and ownership[34] - Women make up 48% and people of color comprise 76% of the total workforce, with a focus on diversity and gender parity in leadership roles[37] - Over 40 team members received grants from the HUG Fund in fiscal 2023 to alleviate financial hardships[39] - Promoted 3,234 employees in fiscal 2023, with 52% being women and 76% being people of color[44] - Shift Up leadership program had 88 participants in fiscal 2023, with 14 promoted to managerial roles[43] Menu Innovation and Partnerships - Shake Shack introduced kiosk product customization in September 2023, achieving attachment rates on par or higher than digital platforms[50] - The company expanded large order boxes in 2023 to include items like Chicken Shack, Veggie Shack, and 'Shroom Burgers[52] - Shake Shack launched three new plant-based menu items, including the Veggie Shack, Non-Dairy Chocolate Shake, and Non-Dairy Frozen Custard, as part of its core menu[66] - The company partnered with DreamWorks to create three holiday shakes inspired by the Trolls characters, driving brand engagement during the holiday season[66] - Shake Shack collaborated with renowned chefs and brands, such as Nina Compton and TABASCO, to create limited-time menu offerings and unique dining experiences[66] - The company's Innovation Kitchen in New York City serves as a testing ground for new menu items, with successful items potentially becoming national limited-time offerings or permanent menu items[80] - Shake Shack's LTO program in fiscal 2023 included premium burgers, chicken sandwiches, and unique shakes, such as the White Truffle Burger and Trolls Holiday Shakes[81] - Shake Shack launched three new plant-based menu items, including the Veggie Shack, Non-Dairy Chocolate Shake, and Non-Dairy Frozen Custard[66] - Shake Shack collaborated with Nintendo for a Super Mario Bros movie-themed experience, offering exclusive menu items and swag[66] - Shake Shack partnered with DreamWorks for Trolls Band Together, creating three holiday shakes inspired by the movie characters[66] - Shake Shack's Chief Avocado Officer campaign reached an estimated TV audience of over 4 million[66] - Shake Shack's LTO program in fiscal 2023 included the White Truffle Burger, Bourbon Bacon Jam Burger, and Hot Menu[81] Expansion and Operational Growth - Shake Shack expanded its domestic Company-operated footprint by opening 41 new Shacks in fiscal 2023, representing a 16% increase from the prior year, reaching a total of 295 domestic Company-operated Shacks[86] - The company plans to open approximately 40 new Company-operated Shacks in 2024, continuing its multi-format strategy including core, drive-thru, flagship, and small format locations[86] - Shake Shack's average investment cost for new Shacks in fiscal 2023 was approximately $3.0 million, or $2.6 million net of tenant improvement allowances, an 8.3% increase compared to the prior year[89] - Total investment cost for new Shacks ranged from $1.1 million to $6.4 million, with construction times varying between 16 and 56 weeks[91] - The company opened 82 net new system-wide Shacks in fiscal 2023, reaching a total of 518 Shacks worldwide[84] - As of December 27, 2023, Shake Shack had 29 drive-thru locations in operation, with plans to expand in coastal markets like Long Island, New York, New Jersey, and California in 2024[92] - Approximately 95% of domestic Company-operated Shacks now have kiosks, making it the largest and fastest-growing channel with the highest margins[93] - Shake Shack opened 38 international licensed Shacks in fiscal 2023, including 13 in China and Hong Kong, and closed 3, with one temporarily closed as of December 27, 2023[98] - The company had 223 licensed Shacks as of December 27, 2023, with 184 international and 39 domestic locations[95] - In fiscal 2023, Shake Shack opened 6 domestic licensed Shacks, including one at Newark Liberty International Airport and five in roadway travel plazas in New Jersey and New York[99] - Shake Shack plans to expand its domestic Company-operated Shack footprint to at least 450 Shacks in the long term[85] - Expanded domestic Company-operated Shacks by 41 in fiscal 2023, a 16% increase from the prior year, totaling 295 as of December 27, 2023[86] - Targeting to open approximately 40 new Company-operated Shacks in 2024, focusing on multi-format strategies including drive-thru and small formats[86] - Average investment cost for new Shacks in fiscal 2023 was $3.0 million, or $2.6 million net of tenant allowances, an 8.3% increase from the prior year[89] - Completed kiosk retrofit program with 95% of domestic Company-operated Shacks now equipped, making it the highest margin channel[93] - Opened 38 international licensed Shacks in fiscal 2023, including 13 in China and Hong Kong, and closed 3, with 223 licensed Shacks globally as of December 27, 2023[95][98] - Domestic licensed Shacks grew by 6 in fiscal 2023, including locations at Newark Liberty International Airport and roadway travel plazas[99] Community Engagement and Social Responsibility - Shake Shack donated $1 from each designated menu item sold at select new Shack openings in fiscal 2023 to local nonprofit partners[59] - The company donated approximately $8,000 to local children's hospitals and supported various charity events in fiscal 2023[60] - Shake Shack's social media presence includes over 1.1 million organic posts under shakeshack on Instagram, with expanded creator partnerships and brand storytelling in fiscal 2023[62] - Donated $1 from designated menu items at select new Shack openings to local nonprofits in fiscal 2023[59] - Shake Shack donated approximately $8,000 to local children's hospitals in fiscal 2023 as part of Child Health Day[60] - Shake Shack's social media presence includes over 1.1 million organic posts under the hashtag "shakeshack" on Instagram[62] Supply Chain and Sustainability - Approximately 41% of ground beef patties were sourced from one supplier, with 10 approved ground beef processors and limited suppliers for major ingredients like chicken, potato buns, and custard[110] - Approximately 95% of certain food and beverage ingredients, including chicken, fries, and custard, were distributed through a single broadline distributor, representing 47% of total purchases[111] - Shake Shack utilized 20 affiliated distribution centers to supply domestic Company-operated Shacks as of December 27, 2023[112] - The company tracks and calculates Scope 1 and Scope 2 greenhouse gas emissions to comply with industry standards and assess environmental impact[114] - Sourced 41% of ground beef patties from a single supplier, with 10 approved ground beef processors and 9 raw beef suppliers in the U.S.[110] - Approximately 95% of certain food and beverage ingredients distributed through a single broadline distributor, representing 47% of total purchases[111] - Conducted quarterly third-party food safety audits and mock food recalls to ensure rigorous quality assurance and safety protocols[113] Digital and Technology Initiatives - Digital initiatives drove incremental sales through personalized offers on app and web channels using Braze's Content Cards[49] - Kiosk customization feature launched in September 2023, showing strong guest adoption and attachment rates[50] - Centralized data consolidation project initiated in fiscal 2023 to enable fresh insights and informed decision-making, with a focus on hybrid cloud infrastructure[106] Intellectual Property and Trademarks - Shake Shack has 25 registered trademarks domestically and core marks registered in 81 countries across six continents as of December 27, 2023[118]