Shake Shack reports preliminary Q1 sales that missed expectations, lays off or furloughs 1,000 workers [MarketWatch]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: MarketWatch
Shake Shack Inc. said preliminary first-quarter results show sales of $143.0 million, up from $132.6 million last year but below the FactSet consensus for $147.4 million. Same-restaurant sales fell 12.8% with January and February in line with expectations but March sinking 28.5%. "We've taken this time to double down on our digital toolbox, and have increased engagement and messaging in our own channels over recent weeks, while also successfully expanding new and existing integrated delivery partnerships with DoorDash, UberEats, Caviar and Postmates," Randy Garutti, Shake Shack chief executive, said in a statement. Seventeen Shake Shack locations are shuttered. Given the reduced operations and closures, the company has furloughed or laid off more than 1,000 workers with remaining home office and executive teams taking a pay cut until further notice. Shake Shack general managers will continue to receive their pay even if their location is closed. Fifty-seven of 120 licensed Shake Shack
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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