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Steak 'n Shake

Beverage

Menu news of the week: Nov. 18, 2019

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

Financing

Steak ‘n Shake traffic and sales keep falling

The burger chain’s revenue fell more than 26% last quarter amid temporary store closures.

Beverage

Sweets to sip

By Patricia Cobe on Oct. 21, 2019

Drinks that double as desserts are trending on menus.

Financing

Steak ‘n Shake has closed more than 100 locations

By Jonathan Maze on Aug. 02, 2019

The closures, which the chain says are temporary and will be refranchised, come as same-store sales continue to fall.

Financing

Steak ‘n Shake gets a credit downgrade

By Jonathan Maze on Jul. 22, 2019

Standard and Poor’s lowered its rating on the chain’s debt, saying it has an “elevated risk for a debt restructuring.”

Financing

Steak ‘n Shake reopens one of its restaurants

By Jonathan Maze on Jul. 12, 2019

The burger chain, which had been closing dozens of locations, has reopened a St. Louis store under its new refranchising initiative.

Financing

Steak ‘n Shake ordered to pay $7.7M in unpaid overtime

By Jonathan Maze on May 14, 2019

A jury found the company didn’t pay proper wages to nearly 300 managers in the St. Louis market.

Financing

Steak ‘n Shake same-store sales plunge as more restaurants close

By Jonathan Maze on May 06, 2019

The chain has temporarily closed 44 locations amid ongoing sales and cost challenges.

Top 500 Chains

Steak 'n Shake

May 03, 2019

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Financing

Steak 'n Shake's owner removes its CEO's pay limits

By Jonathan Maze on Apr. 02, 2019

Sardar Biglari, who controls more than 50% of the company’s shares, will no longer have his salary capped at $10 million, says RB’s The Bottom Line.

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