Chipotle Vs. Shake Shack: Which Fast Casual Restaurant Stock Is A Better Buy?

SHAK opened a restaurant in Santa Monica, California on April 18. It also opened its new restaurant in the Cedar Hills location on April 16, which is Oregon’s first SHAK restaurant. SHAK plans to introduce a new pilot program in its restaurants. It will provide Restore Foodware’s AirCarbon cutlery and straws to reduce waste and work toward a more sustainable world and food industry at-large.

After opening a restaurant in Singapore and Beijing during the pandemic last year, on April 15, SHAK  announced plans to expand its business to Asia. Its restaurants in Shenzhen, Guangzhou, and Macao are set to open in the coming months. The company plans to open 35-40 new locations globally in fiscal 2021.

SHAK has partnered with Pinky Cole’s in-demand plant-based Slutty Vegan restaurant brand to create a limited-edition 100% vegan burger. The TheSluttyShack vegan burger debuted at SHAK’s Atlanta restaurant on April 11. The partnership marks the newest offering from SHAK’s “Now Serving” series, for which it is collaborating with local chefs across America to give back and support local organizations and to create unique and delicious menu items.

Recent Financial Results

CMG is scheduled to release its fiscal 2021 first-quarter results on April 21, 2021, after the market closes. CMG’s revenue for the fourth quarter, ended December 31, 2020, increased 11.6% year-over-year to $1.61 billion. Its revenue from its delivery service segment was  $20.81 million, up 170.6% year-over-year. Its income from operations had decreased 34.6% year-over-year to $290.16 million. However, CMG’s adjusted net income came in at $99.33 million for the quarter, which represents an improvement of 22.6% year-over-year. Its adjusted EPS also increased 21.7% from the prior-year period to $3.48.

As of December 31, 2020, CMG’s total assets have increased 17.2% year-over-year to $5.98 billion and had cash and cash equivalents of $635.84 million.

SHAK is scheduled to release its fiscal 2021 first-quarter results on May 6, 2021, after the market closes. For the fourth quarter ended December 30, 2020, SHAK’s total revenue rose more than 4% year-over-year to $157.51 million. SHAK’s operating loss came in at $12.22 million for the quarter, compared to an operating income of $488,000 in the fourth quarter of 2019. Its net loss increased 828.2% year-over-year to $19.43 million. And its loss per share came in at $0.50 for the quarter, up 733.3% from the prior-year period.

View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Alpha Stockman 1 month ago Member's comment

BurgerFi is the best!