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Shake Shack

Emerging Brands

Shake Shack named 2020 Pacesetter Award winner

The fast-casual burger brand continues to grow through strong leadership and innovation.

Operations

Shake Shack dips into the drive-thru game

The fast-casual chain acknowledged that its current real estate portfolio is challenging during the coronavirus pandemic and said it is looking to add pickup windows.

After securing $150 million in new equity, the burger chain said it would return the loan money so “restaurants who need it most can get it now.”

The fast casual has $112 million in cash and is currently burning through about $1.5 million per week.

Family meals and kits appeal to households sheltering in place.

Sales are down 70% on average systemwide, with 20% of corporate staff laid off or furloughed.

The fast-casual burger chain’s stock fell sharply Tuesday on its 3.6% same-store sales drop for Q4.

A roundup of recent winter beverage items launched at chain restaurants.

The fast-casual burger brand reported same-store sales growth of 2% for Q3.

Tara Comonte, who has led the chain’s tech expansion and other initiatives, takes on the expanded role.

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