Shake Shack Will Return Its $10 Million Loan Amid Furor Over Stimulus Program [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
Buried deep in the900-page stimulus packageThe provision, in a section outlining which small businesses qualify for loans from the federal government, allowed big chains like Shake Shack, Potbelly and Ruth’s Chris Steak House to get tens of millions of dollars while many smaller restaurants walked away with nothing when the $349 billion fund wasexhausted last weekThe inequity caused widespread outrage. Independent owners said it would createa post-pandemic landscapeviolated the spirit of the legislation“The big guys get bailed out, and the little guys don’t,” said Danny Abrams, who has laid off all 310 of his employees across six restaurants he owns in New York.On Sunday, Shake Shack, with 189 outlets and nearly 8,000 employees in the United States, acknowledged that the Small Business Administration’s Paycheck Protection Program had been carried out unevenly, and said it would return the $10 million it had received.But the potential new funding and Shake Shack’s return of its money m
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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