Shack Shack started off as a humble hot dog cart in Madison Square Park in 2001. The stand became so popular that it was forced to move to a brick and mortar building in 2004. The move allowed founder Daniel Meyer to expand the menu to include hamburgers, fries, and milkshakes. The company states it uses organic, antibiotic and hormone free Angus beef products only.
Since it’s inception in 2004, the company has become one of the fastest growing fast food chains in the US. In 2014, the company went public on the NYSE under the ticker symbol: SHAK.
Shake Shack is also in a number of international cities, including London, Hong Kong, Tokyo, Moscow, Seoul, and Kuwait, to name a few. There are more than 200 US locations. The company does not do franchising.
The company also offers other non-food items including Shake Shack T-shirts, sunglasses, and other accessories, called Shack Swag.
In August of 2018, the company announced that it was delaying the opening of new restaurants and that annual revenue of between $446 million and $450 million was to be expected, even though this was below previous estimates of $452.3 million. This announcement caused stock prices for the company to fall.
Stocks rebounded in mid-2019, with overall prices up more than 30% for Shack Shack.
Headquarters for Shake Shack are located in New York, New York.
Shake Shack
Shack Shack started off as a humble hot dog cart in Madison Square Park in 2001. The stand became so popular that it was forced to move to a brick and mortar building in 2004. The move allowed founder Daniel Meyer to expand the menu to include hamburgers, fries, and milkshakes. The company states it uses organic, antibiotic and hormone free Angus beef products only.
Since it’s inception in 2004, the company has become one of the fastest growing fast food chains in the US. In 2014, the company went public on the NYSE under the ticker symbol: SHAK.
History
Shake Shack is also in a number of international cities, including London, Hong Kong, Tokyo, Moscow, Seoul, and Kuwait, to name a few. There are more than 200 US locations. The company does not do franchising.
The company also offers other non-food items including Shake Shack T-shirts, sunglasses, and other accessories, called Shack Swag.
In August of 2018, the company announced that it was delaying the opening of new restaurants and that annual revenue of between $446 million and $450 million was to be expected, even though this was below previous estimates of $452.3 million. This announcement caused stock prices for the company to fall.
Stocks rebounded in mid-2019, with overall prices up more than 30% for Shack Shack.
Headquarters for Shake Shack are located in New York, New York.
