Shake Shack Furloughs or Lays Off 1,000 Workers, Closes 17 Locations [TheStreet.com]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: TheStreet.com
Shake Shack(SHAKGet ReportShake Shack also announced that its corporate office and executive teams will have their pay reduced for an indefinite period.The company said it has temporarily closed 17 restaurants.Shake Shack also announced preliminary first-quarter results, saying it expects sales of $143 million, up from $132.6 million a year ago but short of analysts' consensus estimate of $147.4 million.Shake Shack said that performance in January and February was in line with internal expectations, but March saw "an immediate and acute impact from Covid, leading to a (sales) decrease of 28.5% year over year."The company said it has seen strong sequential sales growth on a weekly basis since the last week in March while the fast food restaurant chain has updated its "digital tool box" and increased engagement and messaging.The company also provided a liquidity update, announcing that it has $112 million in cash on hand as of April 16. Shake Shack received a $10 million loan under the
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News
- Shake Shack to Participate in Upcoming December Investor ConferencesBusiness Wire
- I tried the biggest burgers at 5 fast-food chains and ranked them from worst to best [Business Insider]Business Insider
- Should Shake Shack's (SHAK) Revenue Outlook and CFO Departure Prompt Investor Attention Now? [Yahoo! Finance]Yahoo! Finance
- Shake Shack (NYSE:SHAK) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Shake Shack (NYSE:SHAK) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
SHAK
Earnings
- 10/30/25 - Beat
SHAK
Sec Filings
- 11/26/25 - Form 4
- 11/25/25 - Form 144
- 11/25/25 - Form 8-K
- SHAK's page on the SEC website