Sweetgreen: We're returning our $10 million stimulus loan [CNNMoney.com]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: CNNMoney.com
Sweetgreen: We're returning our $10 million stimulus loan New York (CNN Business) Sweetgreen is returning a $10 million loan it received from the US government to help it weather the coronavirus pandemic'. The trendy salad chain was awarded the loan as part of the US Paycheck Protection Program. The $349 billion stimulus package, overseen by the Small Business Administration, ran out of funding last week -- leaving small businesses outraged that they couldn't obtain loans, while larger companies could. Sweetgreen cofounders Nicolas Jammet, Jonathan Neman and Nathaniel Ru wrote in an open letter that the company "quickly made the decision to return the loan" after learning about the problems with the program. The trio said that the privately held company's revenue has been "dramatically affected" and was going to use the loan for employee pay. "If this crisis has taught us anything, it is that we are all in this together and we believe strongly that the restaurant community need
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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