US Market News
12時間前
Shake Shack Appoints Christiane Pendarvis to Board of DirectorsJune 12, 2026 8:30 AM
Business Wire Growth-oriented retail leader brings more than 25 years of experience at consumer brands Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced the election of retail industry veteran Christiane Pendarvis to its Board of Directors, effective July 2. Ms. Pendarvis is a seasoned executive with more than 25 years of experience driving growth across direct-to-consumer and omnichannel businesses. She has held leadership roles at both high-growth retail brands and Fortune 500 concepts with a focus on general management and retail merchandising. Ms. Pendarvis has extensive experience with strategic planning, development, digital commerce and retail operations, as well as large-scale technology infrastructure projects. “We are pleased to welcome Christiane to the Board,” said Founder and Chairman Danny Meyer. “Beyond having a clear alignment with our values and strategic vision, her proven track record of driving profitable growth and building iconic consumer brands - combined with her deep expertise in retail and digital commerce - will be invaluable as we continue to expand Shake Shack and deepen our connection with guests across all channels. I’m confident that Christiane will be an excellent addition to our team.” Ms. Pendarvis currently serves as Co-CEO of PATTERN Beauty by Tracee Ellis Ross, where she is responsible for all aspects of the business in partnership with the Company’s founder and namesake, actor Tracee Ellis Ross. She previously served as Co-President of Savage X Fenty, where she grew the company significantly, including expanding the brand into new product categories and adding a physical retail channel. Ms. Pendarvis has also served in executive roles with top-tier retail and DTC companies, such as Victoria’s Secret, Aerie, Old Navy, Minted, and FullBeauty Brands. “Shake Shack is at a significant point in its growth journey, and Christiane’s experience and perspective will be a strong asset to our Board,” said Rob Lynch, CEO of Shake Shack. “She understands how to build brands, connect with consumers and scale with intention, all of which align with our long-term growth plans.” Ms. Pendarvis currently serves as a Board member for Hootsuite and previously was on the Boards of Hims & Hers and Savage X Fenty. She also serves on the Southern California Public Radio Board of Trustees and the Women of Color Retail Alliance Board. A recognized industry leader, she received Harlem’s Fashion Row’s Corporate Impact Award and the NRF Foundation’s People Shaping Retail’s Future Award in 2025. She was named one of WWD’s Most Inspirational Women Leaders in 2023 and one of its 50 Women in Power in 2022. “I’m honored to join Shake Shack’s Board of Directors at such an exciting time for the company,” said Ms. Pendarvis. “Shake Shack has earned a unique place in culture by pairing exceptional experiences with a relentless focus on quality, community and hospitality. I’m excited to work alongside the Board and leadership team as they continue to grow the brand, strengthen guest connections, and create long-term value for all stakeholders.” Ms. Pendarvis earned a bachelor’s degree in economics from Harvard University and an MBA from the Kenan-Flagler Business School at the University of North Carolina. Cautionary Note on Forward-Looking Statements This press release may contain forward-looking statements, including statements regarding the Company's Board of Directors and future growth and strategic initiatives, and other statements that are not statements of historical facts. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. You should evaluate any forward-looking statements made in this press release in the context of the risks and uncertainties disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10-Q, and the Company's other SEC filings. All of the Company's SEC filings are available online at www.sec.gov, investor.shakeshack.com or upon request from Shake Shack Inc. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It’s known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack’s purpose is to Stand For Something Good®, from its premium ingredients and employee development to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC’s Madison Square Park, the Company has expanded to over 695 locations system-wide, including over 450 in 35 U.S. States and the District of Columbia, and over 245 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android. Learn more: shakeshack.com | IG: @shakeshack | X: @shakeshack | facebook.com/shakeshack Source: Shake Shack Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260612427751/en/ Media:
Meg Davis, Shake Shack
mcastranova@shakeshack.com Investor Relations:
Alison Sternberg, Shake Shack
Head of Investor Relations
(844) SHACK-04 (844-742-2504)
investor@shakeshack.com Original: Shake Shack Appoints Christiane Pendarvis to Board of Directors
iHub News
1週前
Shake Shack Shares Drop After Company Lowers 2026 Outlook (SHAK)June 2, 2026 9:41 AM
IH Market News Shake Shack Inc. (NYSE:SHAK) shares fell 7% on Tuesday after the restaurant chain reduced its financial guidance for both the second quarter and full fiscal year 2026, citing a more challenging operating environment. The updated outlook reflects softer expectations for sales growth and profitability, despite management maintaining confidence in the company’s long-term strategy. Revenue Expectations Revised Lower Shake Shack now expects second-quarter revenue to range between $415 million and $420 million, down from its previous forecast of $424 million to $428 million. The company also lowered its outlook for same-shack sales growth, projecting an increase of 2.5% to 3.0% compared with its earlier estimate of 3.0% to 5.0%. The revisions suggest demand trends have been somewhat weaker than anticipated during the quarter. Profit Margin Forecast Reduced In addition to lowering revenue expectations, the company revised its profitability outlook. Shake Shack now expects restaurant-level profit margins for the second quarter to fall within a range of 22.0% to 23.0%, compared with previous guidance of 24.0% to 24.5%. The company also reduced its full-year restaurant-level profit margin forecast to between 22.0% and 23.0%, down from its earlier projection of 23.0% to 23.5%. The changes indicate ongoing pressure from costs and a more competitive operating landscape. Full-Year Earnings Outlook Trimmed For fiscal 2026, Shake Shack lowered its adjusted EBITDA forecast to a range of $225 million to $235 million. The previous outlook called for adjusted EBITDA of between $230 million and $245 million. The company also reduced its net income forecast, now expecting earnings of $45 million to $55 million for the year, compared with prior guidance of $50 million to $60 million. Management Points to Economic Uncertainty Chief Executive Officer Rob Lynch said the revised guidance reflects both broader macroeconomic uncertainty and competitive pressures affecting the restaurant sector. According to Lynch, the company is already more than two-thirds of the way through the current quarter, giving management greater visibility into near-term operating trends. Despite the lower forecasts, he emphasized that the business continues to perform well operationally and remains focused on executing its strategic growth initiatives. Lynch added that the company’s core business fundamentals remain healthy and that management continues to have confidence in its long-term plans. Expansion Plans Remain on Track While financial guidance was reduced, Shake Shack maintained its outlook for licensing revenue during the second quarter at between $13.5 million and $13.7 million. The company also reiterated its restaurant development plans, expecting to open approximately 16 company-operated locations and around 8 licensed restaurants during the quarter. The expansion strategy remains a key component of Shake Shack’s growth ambitions both domestically and internationally. Update Released Ahead of Investor Conferences The revised guidance was issued ahead of the company’s participation in several investor conferences scheduled for June. Management noted that the figures are based on preliminary and unaudited results and could change following completion of the second-quarter review process. Investors reacted negatively to the lowered outlook, sending shares lower as the market reassessed near-term growth expectations. Despite the guidance reduction, Shake Shack continues to pursue expansion opportunities and operational initiatives aimed at strengthening profitability and supporting long-term shareholder value. Shake Shack stock price Original: Shake Shack Shares Drop After Company Lowers 2026 Outlook (SHAK)
iHub News
2月前
Shake Shack Shares Rise Following Mizuho UpgradeApril 10, 2026 9:40 AM
IH Market News
Shares of Shake Shack (NYSE:SHAK) climbed 3.3% on Friday after Mizuho analyst Nick Setyan upgraded the stock to Outperform from Neutral and raised the price target to $120 from $100.The upgrade reflects expectations of stronger-than-anticipated same-store sales growth in the first quarter. “Our checks point to Q1 SSS growth upside, with drivers in place for comp momentum and restaurant-level margins ahead of current expectations as 2026 progresses,” Setyan commented.The stock had closed at $97.55 on Thursday.Setyan highlighted several factors likely to support comparable sales momentum, including increased marketing activity, broader value offerings, and initiatives to boost app usage, with a loyalty program set to launch in the second half of 2026. Additional tailwinds include improved operational throughput, favorable tax conditions, and the upcoming World Cup scheduled from June 11 to July 19.The analyst also expects stronger revenue performance alongside supply chain efficiencies to support margin expansion, projecting high-teens annual EBITDA growth in both 2026 and 2027. This compares with a compound annual growth rate of 16% between 2019 and 2024, versus low-20% growth for peers.Mizuho’s $120 price target is based on a valuation of 17 times projected 2027 EBITDA, representing a 30% discount to peers compared with an average discount of 45% over the past five years. The smaller discount reflects the view that Shake Shack’s growth outlook warrants a closer alignment with the peer group’s average multiple of 23.5x.
Original: Shake Shack Shares Rise Following Mizuho Upgrade
iHub News
2月前
Shake Shack unveils Project Catalyst to strengthen technology infrastructureApril 1, 2026 9:56 AM
IH Market News
Shake Shack Inc. (NYSE:SHAK) has introduced Project Catalyst, a new technology initiative aimed at supporting the company’s long-term goal of expanding to 1,500 company-operated restaurants.The program will modernize the chain’s point-of-sale and kitchen display systems through a collaboration with Qu, a cloud-native commerce platform. These upgraded systems are intended to improve order accuracy while increasing operational efficiency across both digital ordering channels and in-store service.As part of the initiative, Shake Shack will also roll out its first customer loyalty program, designed to deepen engagement with guests and encourage repeat visits. The platform will operate across the company’s digital ecosystem, allowing more personalized communication and customer experiences.Project Catalyst also introduces expanded artificial intelligence capabilities to support restaurant operators with operational insights and decision-making tools. An intelligent operating layer will deliver alerts and recommendations aimed at helping teams manage day-to-day restaurant performance more effectively.In addition, the initiative strengthens the company’s data infrastructure, enabling quicker access to operational insights and analytics related to customer behavior. This enhanced foundation will support AI-driven capabilities and help deliver more tailored experiences for guests.“Project Catalyst strengthens the technology and digital capabilities that power our restaurants and connect us more meaningfully with our guests,” said Rob Lynch, Chief Executive Officer of Shake Shack. “These investments will help our teams operate more efficiently, enhance the guest experience, and position Shake Shack to scale successfully toward 1,500 Company-operated Shacks.”Shake Shack reaffirmed its first-quarter and full-year 2026 guidance, noting that the projected financial outlook already reflects the anticipated impact of Project Catalyst investments.Currently, Shake Shack operates more than 670 locations worldwide, including roughly 430 restaurants across 35 U.S. states and Washington, D.C., along with over 240 international locations.
Original: Shake Shack unveils Project Catalyst to strengthen technology infrastructure
conix
9年前
Shake Shack (SHAK) Shorts Pile On Following Results, Weak Outlook - S3
August 11, 2017 11:01 AM EDT
S3 Partners Director Matthew Unterman notes increasing short-interest positioning in Shake Shack (NYSE: SHAK), following the company's second quarter earnings report, as management delivered solid EPS and revenue results, overshadowed by disappointing same-store sales and reduction in full-year guidance.
The guidance cut has helped push bearish positioning in SHAK to the highest levels since 2015, with $353.7 notional at risk on 11.1 million shares short. The trade has been a profitable one for bearish speculators, returning $30.4 million in mark-to-market profits or 10.1% return on an average short position of $303.2 million, according to S3 Partners. Furthermore, SHAK bears continue to benefit from relatively inexpensive financing rates for their downside bets, with new shares on loan costing speculators a fee of over 2%. Despite a 89.5% increase since January on shares shorting Shake Shack, short-interest position could continue to increase, if SHAK management can't reverse deteriorating same-store sales trends.