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Shake Shack Inc (SHAK) Q4 2020 Earnings Call Transcript

Shake Shack Inc (SHAK) Q4 2020 Earnings Call Transcript
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Shake Shack Surges Amid Sales Increase

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Shake Shack (NYSE: SHAK) shares went up 6% on Tuesday after the company revealed an increase in its fourth quarter revenue. The positive news comes amid several months of economic downturn.
The American fast casual restaurant chain announced its sales during the virtual ICR conference. Additionally, during the conference, the company outlined more details regarding its 2021 strategy, including ideas for digital order improvements, expanded menu offerings and new restaurant designs.
According to Shake Shack, preliminary fourth-quarter revenue amounted to USD157.5 Million, a 4% increase in comparison to the previous year and surpasses the FactSet consensus of USD153.2 Million. However, same-store sales plummeted 17.4% within the quarter but managed to beat the FactSet expectation of a 19.5% decline. ....

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Shake Shack Up as 4th-Period Revenue Estimate Tops Expectations

Shake Shack Up as 4th-Period Revenue Estimate Tops Expectations
Shake Shack s fourth-quarter revenue estimate beats Wall Street expectations despite a challenging operating environment due to the pandemic.
Author:
Shake Shack (
SHAK) - Get Report shares were higher Tuesday after the burger chain s fourth-quarter sales forecast beat Wall Street s expectations.
Shares of the New York company at last check were 2.2% higher at $92.88.
Shake Shack said preliminary total fourth-quarter revenue came to $157.5 million, up 4% from a year earlier and beating the FactSet consensus of $153.2 million.
The results improved sequentially, over a decline of 17% in the third quarter.
The increase also reflects the favorable impact of the 53rd week in the fourth quarter, which resulted in incremental sales of $10.7 million. ....

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How 5 chains are designing restaurants for a digital future

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Drive-thru has long been the bread and butter for major U.S. restaurant chains, but the pandemic has accelerated diner engagement with digital channels offering opportunities for QSRs to integrate loyalty programs and new technology with the drive-thru lane, as well as an opening for fast casual brands to create mobile-only drive-thrus.
This boost in digital spending, along with widespread dining room restrictions, has also led to steep declines in on-premise traffic, forcing restaurants to rethink how to best use their real estate footprints to cater to the consumer of the future.
From store technology that sorts diners into different traffic lanes to conveyor belts that deliver food to customers, check out the design changes McDonald’s, Taco Bell, Burger King, Chipotle and Shake Shack are betting on to sharpen their competitive edge. ....

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Shake Shack tests in-app delivery in partnership with Uber Eats

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Shake Shack and Uber Eats signed an exclusive deal to offer delivery directly on the fast-casual giant s iOS app in a pilot that launched Wednesday.
It s one of several moves the company has made to shift further online as people remain at home and urban centers see less lunch crowds.
CMO Jay Livingston told Business Insider the company has signed up 1.4 million first-time purchasers through its digital channels since March.
The company also plans to build out drive-up centers and continue to focus on its social media presence in the coming year. ....

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