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partnership

After Nike, Inc. (NYSE: NKE)’s launch of new advertising and an improved brand assortment, Wells Fargo is turning bullish on partner Foot Locker, Inc. (NYSE: FL)
The Analyst
Wells Fargo s Tom Nikic upgraded Foot Locker from Market Perform to Outperform and raised the price. Read More.
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LIVE: Jim Cramer on Plug Power, Uber, NFTs, Coinbase, Fed

Plug Power (
PLUG) - Get Report will be restating its financial results
The company said in a news release that it will restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in a Form 10-K with the Securities & Exchange Commission for the year ended Dec. 31, 2020.
KPMG, the company s accounting firm, management, and the audit committee of Plug Power’s board of directors determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items.
“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said. ....

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fat food restaurants

Shake Shack Inc (NYSE: SHAK) has expanded its Shake Track digital service in an exclusive partnership with Uber Technologies Inc’s (NYSE: UBER) Uber Eats.
What Happened: After successfully testing its delivery service in Miami and New York, Shake Shack will now offer its menu for delivery. Read More.
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Shake Shack raising funds to add drive-thrus, digital upgrades

Shake Shack is borrowing $225 million from private investors to pay for drive-thrus and other new store formats. The New York-based chain is offering $225 million of convertible senior notes, due in 2028. ....

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Shake Shack migrating third-party delivery orders to own channels

Shake Shack migrating third-party delivery orders to own channels
With digital sales accounting for 60% of Shake Shack Q4 sales, the chain is hoping to move third-party delivery orders to its own channels.
Provided
Shake Shack stock was up 1% Thursday night after the chain reported that Q4 revenue rose $157.5 million from $151.4 million, which is exactly what analysts expected. The 300-unit company, which saw a fourth-quarter net loss of $19.4 million, or 50 cents a share, had posted a net loss of $2.1 million, or 6 cents a share, for the prior year s quarter.
With much of the country still under varying degrees of lockdown, we re pleased to report revenue in the fourth quarter of $157.5 million, with same-Shack sales improving to down 17.4% compared to down 31.7% in the third quarter 2020, CEO Randy Garutti said in a company press release. Looking at fiscal 2021, we were encouraged to see recovery momentum continue with same-Shack sales in fiscal January 2021 ....

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