The New York based QSR, Shake Shack, has begun increasing wages to stay ahead of impending labor increases. All four of its Washington D.C. locations will begin paying their employees $12 an hour. Many quick service chains have increased wages to absorb rising costs in various cities. CFO Jeff Uttz, regarded the rise as an …
Quick Service Restaurants Stay Ahead of Wage Hikes Read More »
Better Burger chains are challenging traditional quick service restaurants like McDonald’s and are winning Led by Shake Shack, chains providing better quality ingredients, are stealing market share form long established corporations. Single restaurant locations are roughly worth $50 million dollars. Customers usually expect to wait in long lines for a taste of their food and …
King of Better Burger Chains Isn't at the Top For Better Burgers Read More »
Although, California has remained faithful to our own In-N-Out burger chain, we have seen other East Coast joints like Five Guys have a prominent standing in the market. The New York based chain restaurant started out as a cart in Madison Square Park in July of 2004. Shake Shack, staying true to its name, is …
Just as Californians remain committed to their In-n-Out burgers, those in the East Coast feel the same about Shake Shack. The New York City based chain restaurant started out as a food cart in Madison Square Park in July of 2004. Since then, it has expanded to over 40 different stores. The interesting part? There …
Shake Shack Shaking Its Way to the Top of Fast-Food in the East Coast Read More »
The nation’s pivot toward better-burger restaurants continues to gain momentum as rumors surface that Danny Meyer’s Shake Shack is considering an IPO this year. In her online post, “Shake Shack Considering An IPO,” Nation’s Restaurant News editor and restaurant finance expert Lisa Jennings says, “The news follows an earlier rumor that the parent to the …
Growth Investors Likely To Get In Line For Shake Shack IPO Read More »
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