Nov 29, 2022 / 02:30PM GMT
Jeffrey Andrew Bernstein - Barclays Bank PLC, Research Division - Director & Senior Equity Research Analyst
Good morning, everyone. Thank you for joining us. My name is Jeff Bernstein. I'm the restaurant and foodservice distribution analyst here at Barclays. I'm thrilled to introduce our next presenting company, Shake Shack. With us this morning from their New York City headquarters, we have Randy Garutti, CEO; Katie Fogertey, CFO; and a strong team behind them sitting in the audience.
By way of background, for those not familiar, if that's possible. Shake Shack is a fast-casual chain with 230 or so company-operated restaurants in the U.S. while licensing an additional 30-plus inside and 140-plus outside the U.S. Management remains super confident in the long-term outsized annual unit growth.
With that said, some of it appears with the pressures across the industry from a sales margin and returns perspective, management prudently tempered near-term unit growth, still a 15% plus growth rate, which is topped in the industry. And again, still confident in their long-term algorithm for
Shake Shack Inc at Barclays Eat, Sleep, Play Conference Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot