UPDATE 1-U.S. restaurants seek more aid, on track to lose $240 bln by end of 2020 [Reuters]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Reuters
U.S. restaurants seek more aid, on track to lose $240 billion by end of 2020 NEW YORK (Reuters) - U.S. restaurants asked Congress for more financial aid on Monday to help weather the coronavirus crisis ravaging the industry, saying they are on track to lose $240 billion by the end of 2020. The National Restaurant Association said its latest survey showed two-thirds of its workers - more than 8 million people - have been laid off or furloughed as four in 10 restaurants are closed. But the Washington, D.C.-based lobbying group said existing federal relief programs will not help restaurants prevent more layoffs. Shortcomings with the small business Paycheck Protection Program (PPP) make it untenable for many restaurants to pay back or even use the loans, it said. On Monday, burger chain Shake Shack Inc ( SHAK.N ) said it would return the $10 million PPP loan it received - the first major U.S. firm to hand back the money - because it was able to raise capital privately. But some smaller
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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