Shake Shack significantly increased its long-term target for company-operated restaurants in the US to at least 1,500, marking a nearly 356% increase from its current number. The burger chain plans to achieve this growth through expansion into 20 priority markets and its existing regions. Shake Shack also projected low-to-mid-teens adjusted EBITDA growth over the next three years.
Shake Shack has its sights set on massively expanding its popular burger chain. The company raised its target for company-operated restaurants in America to "at least" 1,500 in the long-term, Shake Shack revealed Monday.That would mark a nearly 356% increase from the number of burger restaurants it currently runs in the U.S.Its U.S. footprint included 329 company-operated locations at the end of fiscal 2024, Shake Shack said.
" The new figure would be a major jump from the 450-restaurant long-term target that Shake Shack outlined as it began publicly trading about a decade ago as well. Shake Shack told FOX Business it was "looking at 20 priority markets and growing more in its existing regions."Shake Shack also said Monday that over the next three years, it believes it can notch total revenue growth in the "low-teens %" and adjusted EBITDA growth "in the range of low to mid-teens %.
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