Shake Shack officially files for $100 million IPO

Danny Meyer's quest for global domination continues apace today as Shake Shack officially files with the SEC for its promised initial public offering of stock on the New York Stock Exchange. Dig through the official documents and you will learn more than you ever wanted to know about one of America's most beloved burger chains. Shacks bring in an average of $5 million per year in sales (Manhattan locations average $7.4 million; non-Manhattan outposts average $3.8 million), but the main takeaway: Shake Shack is killing it.

The part that most stood out for Grub, so far, comes in a note to prospective stockholders from Meyer and Shack CEO Randy Garutti, in which they reveal the "pretty bad" names they debated giving their original Shack kiosk, such as Custard's First Stand, Dog Run, or Madison Mixer. (They made the right choice.)

Read the Full Article

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.


Exclusive Content

Consumer Trends

Fast food has lost its reputation as a cheap meal

Years of price hikes are driving consumers to grocery stores and even full-service restaurants, which are now viewed by some as a better deal.


Here’s what an activist investor could push Starbucks to do

The Bottom Line: With the coffee shop chain reportedly talking with an activist investor, here’s a look at some of the potential changes they might demand.


Panera apparently wants to go it alone again

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.


More from our partners