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Shake Shack CEO talks expansion goals as shares climb after earnings beat: 'Now's our opportunity'
Shake ShackShake Shack(US:SHAK) CNBCยท2024-10-30 22:41

Core Insights - Shake Shack aims to expand both domestically and internationally, positioning itself within the "fine casual" dining niche, which is currently underrepresented in the industry [1][2] - The company currently operates approximately 330 locations and recently reported an earnings beat, resulting in a stock increase of 7.79% [2] - Shake Shack has a presence in about 25 countries, including the Middle East, Asia, and the U.K., with plans to explore opportunities in continental Europe [3] Company Strategy - The CEO emphasized the goal of bringing Shake Shack to a global audience, indicating a strong ambition for growth [1] - The company is experimenting with new restaurant formats, such as drive-throughs, to enhance customer accessibility and change the current dining dynamic [2] - Management is selective about new restaurant locations and partnerships, ensuring strategic expansion into new markets [3]