MAAT INDEX

CLAIM #1215 · Shake Shack Inc (SHAK) · 2022Q2 earnings call · Aug 4, 2022 · due Dec 31, 2022

Yes, it's going to be kind of call it the high single digit range for 3Q and 4Q.

Katie Fogertey · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
it's going to be kind of call it the high single digit range for 3Q and 4Q
Reported
offset by high single-digit food and paper inflation

In context

hese are, these are expensive items. And we are hopeful that those things level off. And that can be a that can be a long-term tailwind for our profit in the coming years. But at the moment, there's a lot of pressures on the costs in our business. Katie Fogertey: Let's say just to add on to that a little bit, we are taking an even more targeted approach to pricing with this next round than we have in the past, and really kind of even getting more refined about where we have higher willingness to pay as well. Brian Vaccaro : All right, that's helpful color. And also on the effective pricing. Katie, if you took no additional let's just say you take the midpoint in the 6%. Could you just level set where your effective year-on-year pricing would be over the next few quarters? Katie Fogertey: Yes, it's going to be kind of call it the high single digit range for 3Q and 4Q. Brian Vaccaro : Both 3Q and 4Q? Katie Fogertey : Yes. Obviously higher in 4Q the price increase. Randy Garutti : Because of price increase if I think right, because we laugh in October price increase was about half of that in October of... Katie Fogertey : Yes, 3% to 4%. Randy Garutti : Next last March. We took that. Brian Vaccaro : Okay, great. And then just on the drive throughs. You mentioned the strong sales you're seeing the over $80,000 [ph]. Could you give us any sense of just what the average build out costs on those six units were, and I'll pass it along... Randy Garutti : We haven't broken that out yet. There's going to be a lot of learning on that as we go. They're significantly higher than a normal shack at the moment, we're investing in that as a full experience, drive th

Verify independently

SEC filings for SHAK · Claim quote is verbatim from the 2022Q2 earnings call.