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Hamburger Chain Set to Report First Earnings Report Since IPO

July 25, 2023
in Trade Tube
Reading Time: 1 min read
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Shake Shack is set to report its fourth quarter results on Wednesday after the market closes. It will be the hamburger chain’s first earnings report since its IPO this past January. TheStreet’s Jim Cramer says investors are not going to be dazzled when the company issues results because it’s not that kind of story but neither was Chipotle when it was at $25 or $50. Cramer says Shake Shack has the ethos, the culture and they understand what people want. He says Danny Meyer has created a place that is a magnet, particularly for millennials. Cramer thinks Shake Shack now needs partnerships. He says the restaurant needs to be in hotel chains, all airports and every stadium.

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