Shake Shack returning $10 million virus-linked small business loan [CBS News]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: CBS News
The burger chain Shake Shack says it has obtained new funding and will return a small-business loan it got to help weather thecoronavirus crisisShake Shack has laid off or furloughed hundreds of its employees and needed the assistance, its CEO, Randy Garutti, and its founder, Danny Meyer, said in a statement seen Monday.But the company said it was able to get extra funding late last week through an "equity transaction" and decided to "immediately return" the $10 million paycheck protection loan it obtained through the CARES Act.: The Race To Respond updates: Progress, but the COVID-19 "beast is still alive" in : The Race To RespondIt said, "We're fortunate to now have access to capital that others do not. Until every restaurant that needs it has had the same opportunity to receive assistance, we're returning ours."The letter said shutdowns due to the coronavirus pandemic threaten $800 billion in U.S. restaurant spending and are a severe challenge to both Shake Shack and to Meyer's Uni
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SHAK
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