CLAIM #413 · Shake Shack Inc (SHAK) · 2023Q1 earnings call · May 4, 2023 · due Dec 31, 2024
“probably more of our Shacks in this next couple classes will be kind of more suburban type.”
Randy Garutti · CEO
In context
“ortunity. Let's just take a second on. Cause I know sometimes we overdo New York and its impact on this company, but when we think about what we just opened in New York, in the last year we've opened a great site in the meat packing district. We've opened one in Brooklyn in King's Plaza. We've opened one in Jamaica, Queens. And you'll see us open on the lower east side. These are neighbors hoods we haven't gotten to yet. These are neighborhoods much less impacted by any kind of urban shift. So that's the way we're thinking about urban is making sure we're going to the best type of sites when we go to cities. And we think there's a big opportunity there. We're going to, we're going to bet we're going to continue to bet that there's some great long-term returns in, in urban markets and, and probably more of our Shacks in this next couple classes will be kind of more suburban type. Operator: [Operator instructions]. Our next question comes from Brian Harper with Morgan Stanley. Please proceed with your question. Brian Harper: Yeah, thank you. Good morning. I had another question about the Kiosks too be besides kind of the, the Shack benefits that you mentioned, are there other things that you see in terms of, I don't know if there are any labor hours savings or maybe you can just redeploy some of those labor hours. Do you see better throughput in the units that really have higher Kiosk order volume or what, what, how else could you quantify that? Katie Fogertey: Hi, Brian. Yeah, so with our Kiosk orders, our Kiosk Shacks, what we tend to see is, we're able to run them a little bit more efficiently than Shacks without Kiosk. And, while we made significant improvement”
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SEC filings for SHAK ↗ · Claim quote is verbatim from the 2023Q1 earnings call.