Shake Shack Inc (FRA:9SH)

€ 125.1 -0.2 (-0.16%) Market Cap: 5.07 Bil Enterprise Value: 5.54 Bil PE Ratio: 786.65 PB Ratio: 11.74 GF Score: 83/100

Shake Shack Inc at Barclays Eat, Sleep, Play Conference (Virtual) Transcript

Dec 02, 2020 / 03:30PM GMT

Release Date Price: €66.84 (-2.19%)

Transcript

Jeffrey Andrew Bernstein

Barclays Bank PLC, Research Division - Director & Senior Equity Research Analyst

Good morning, everyone. My name is Jeff Bernstein, I am the restaurant and foodservice distribution analyst here at Barclays. I'm thrilled to introduce our next presenting company, Shake Shack. With us this morning from New York City, we have Randy Garutti, CEO; and Tara Comonte, President and CFO.

By way of background, for those not familiar, if that's possible, Shake Shack is a fast casual chain with approaching 200 company-operated restaurants in the U.S., or including 20 licensed stores and 100-plus outside of the U.S. And following a brief development hiatus during the peak pandemic months, Shake Shack appears to be on track to deliver still low double-digit percentage unit growth in '20 and accelerating significantly in 2021, with guidance for 20% growth, on the path to what had been the long-term guidance for 450 U.S. company-operated units.

With that said, we've opted instead of prepared remarks to just jump right into a fireside Q&A. So I'll be throwing, ask some

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