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Shake Shack

Financing

Shake Shack returns its $10M PPP loan

 By Heather Lalley on Apr. 20, 2020

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.”

Operations

Shake Shack lays off hundreds as it sells stock for much-needed cash

 By Heather Lalley on Apr. 17, 2020

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

Food

Family meals and meal kits continue to be popular for takeout and delivery

By Patricia Cobe on Apr. 07, 2020

Family meals and kits appeal to households sheltering in place.

Operations

Shake Shack reports dire impacts of COVID-19 on its business

By Heather Lalley on Apr. 02, 2020

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

Operations

Shake Shack vows menu innovation, operational changes to counter declining sales and traffic

By Heather Lalley on Feb. 25, 2020

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

Beverage

Menu news of the week: Nov. 18, 2019

By Patricia Cobe on Nov. 18, 2019

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

Operations

Shake Shack stock falls as the chain feels the revenue hit of its switch to Grubhub

By Heather Lalley on Nov. 05, 2019

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

Leadership

Shake Shack gives its CFO an added title: President

By Heather Lalley on Oct. 02, 2019

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

Food

Which chain has the most craveable fries?

By Patricia Cobe on Aug. 23, 2019

Consumers rank their top 10 favorites from a field of hundreds.

Operations

Re-thinking the delivery model

By Peter Romeo on Aug. 20, 2019

Shake Shack might’ve just played disruptor for everyone. And that’s not the only change remaking the fast-growth sector.

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