Shake Shack

Food

Shake Shack pokes Chick-fil-A by giving away antibiotic-free chicken sandwiches

Available on Sundays throughout the month of April, the promotion attempts to draw attention to Shake Shack's commitment to using chicken raised without antibiotics.

Financing

In hiring Rob Lynch away from Papa Johns, Shake Shack enters a new era

The Bottom Line: The fast-casual burger chain chain lured one of the restaurant industry’s up-and-coming chief executives with $7.3 million in signing bonuses and stock awards.

The fast-casual burger chain is plucking the Papa Johns chief executive to take over for Randy Garutti in May. Ravi Thanawala will become the pizza chain’s interim CEO.

Traffic for the fast-casual chain was up 1.4% in Q4. And the burger brand is testing combo meals for the first time.

The chain was already looking for a new COO. Now the search is on for a new CEO. If an activist investor has its way, the leaders will have strong operational experience in limited service.

The chief executive will retire in 2024 after the company finds his successor, ending a 24-year tenure with the company.

Despite "wobbliness," consumers are doing okay. But they want to get their money's worth, says CEO Randy Garutti.

The former Shake Shack COO will oversee stepped up expansion of the restaurant/retail hybrid.

Steering more customers toward self-ordering will be a major strategic objective through 2024, executives say. The chain will also strive to cut its development and construction costs by 10%.

The fast-casual is packing up a plant-based meal-to-go featuring its new Veggie Shack burger and non-dairy chocolate frozen custard.

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