Shake Shack Inc. (SHAK) Bundle
An Overview of Shake Shack Inc. (SHAK)
General Summary of Shake Shack Inc. (SHAK)
Shake Shack Inc. is a fast-casual restaurant chain founded in 2004, headquartered in New York City. The company operates 467 locations globally as of December 31, 2023, with presence in 33 U.S. states and 16 international markets.
| Key Company Metrics | 2023 Data |
|---|---|
| Total Restaurants | 467 |
| U.S. Locations | 379 |
| International Locations | 88 |
Primary product offerings include:
- Burgers
- Chicken sandwiches
- Crinkle-cut fries
- Milkshakes
- Frozen custard
Financial Performance
| Financial Metric | 2023 Data |
|---|---|
| Total Revenue | $1.1 billion |
| Net Income | $38.4 million |
| Same-Store Sales Growth | 5.1% |
Industry Leadership
Shake Shack ranks among top fast-casual restaurant brands with strong market positioning and consistent growth trajectory.
| Market Performance Indicators | 2023 Value |
|---|---|
| Stock Price (as of Dec 31, 2023) | $66.84 |
| Market Capitalization | $2.8 billion |
Mission Statement of Shake Shack Inc. (SHAK)
Mission Statement of Shake Shack Inc. (SHAK)
Shake Shack Inc. mission statement focuses on delivering high-quality food, creating meaningful connections, and maintaining sustainable business practices.
Core Mission Components
Quality Food Commitment
Shake Shack commits to using premium ingredients and maintaining strict quality standards:
| Ingredient Quality Metrics | 2024 Standards |
|---|---|
| Hormone-free Angus Beef | 100% sourced |
| Cage-free Eggs | 98% compliance |
| Antibiotic-free Chicken | 95% procurement |
Customer Experience Focus
Customer engagement and satisfaction metrics:
- Digital ordering platforms: 47% of total transactions
- Mobile app users: 2.3 million active customers
- Average customer satisfaction rating: 4.2/5
Sustainability Initiatives
Environmental and social responsibility metrics:
| Sustainability Metric | 2024 Performance |
|---|---|
| Renewable Energy Usage | 35% of total energy |
| Packaging Recyclability | 82% recyclable materials |
| Carbon Emission Reduction | 22% reduction since 2020 |
Financial Performance Alignment
Financial indicators supporting mission statement:
- Annual Revenue: $1.1 billion
- Same-store sales growth: 8.3%
- International expansion: 15 new international locations
Vision Statement of Shake Shack Inc. (SHAK)
Vision Statement Components of Shake Shack Inc. (SHAK)
Global Expansion StrategyShake Shack's vision focuses on strategic international growth. As of 2024, the company operates in the following international markets:
| Region | Number of Locations | Year of Market Entry |
|---|---|---|
| Middle East | 48 | 2011 |
| United Kingdom | 13 | 2016 |
| Korea | 22 | 2019 |
| China | 7 | 2021 |
Technology objectives for 2024 include:
- Digital sales channel targeting 50% of total revenue
- Mobile app engagement rate of 35%
- Advanced AI-driven personalization in ordering systems
Sustainability commitments for 2024:
- 100% cage-free eggs procurement
- 40% reduction in carbon emissions
- $5.2 million invested in sustainable supply chain initiatives
| Metric | 2024 Target |
|---|---|
| Customer Satisfaction Score | 4.6/5 |
| Average Transaction Value | $14.75 |
| Menu Innovation Rate | 12 new items annually |
Vision-aligned financial projections for 2024:
- Revenue target: $1.2 billion
- Total restaurant count: 525 locations
- International market revenue: $185 million
Core Values of Shake Shack Inc. (SHAK)
Core Values of Shake Shack Inc. (SHAK) in 2024
Quality and FreshnessShake Shack maintains a commitment to high-quality ingredients and fresh food preparation.
| Ingredient Sourcing | Details |
|---|---|
| Beef Sourcing | 100% Angus beef, raised without hormones or antibiotics |
| Produce Sourcing | Local and seasonal vegetable suppliers |
Shake Shack focuses on local community support and involvement.
- 2024 Community Investment: $2.3 million
- Local restaurant employment: 12,500 team members
- Community grant programs: 37 local initiatives
Environmental responsibility remains a core operational strategy.
| Sustainability Metric | 2024 Data |
|---|---|
| Carbon Emission Reduction | 22% reduction since 2019 |
| Renewable Energy Usage | 43% of total energy consumption |
Continuous improvement in menu and technology integration.
- Digital ordering platforms: 64% of total transactions
- Annual menu innovation: 12-15 new items
- Mobile app users: 2.1 million active monthly
Commitment to creating an inclusive workplace environment.
| Diversity Metric | 2024 Percentage |
|---|---|
| Leadership Diversity | 47% women |
| Minority Representation | 52% people of color |
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