Shake Shack Says It Will Return Its $10 Million Stimulus Loan [The New York Times]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: The New York Times
Shake Shack, the fast-food chain, said on Sunday that it was returning a $10 million loan from a federal program to help small businesses, following criticism that the stimulus program had favored large chains.The $349 billion stimulus effort, which was distributed on a first-come, first-served basis, was exhausted in just two weeks, with manyloans favoring larger companiesPaycheck protection program loans from the Small Business Administration will be forgiven for companies that do not lay off staff or that rehire them by June 30.Shake Shack, with 189 outlets and nearly 8,000 employees in the United States, said that it had secured the additional capital it needed through an equity transaction on Friday.“We’re thankful for that, and we’ve decided to immediately return the entire $10 million P.P.P. loan we received last week to the S.B.A. so that those restaurants who need it most can get it,” the companysaid in a statementThe company said the loan program should be fully funded in or
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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