Daniel Guglielmo's questions to Shake Shack Inc (SHAK) leadership • Q3 2024
Question
Daniel Guglielmo of Capital One Securities asked for insights on regional consumer trends, specifically which areas performed stronger or weaker than internal models predicted.
Answer
CFO Katherine Fogertey highlighted double-digit comp growth in Florida, Arizona, Georgia, and Ohio, and noted that every region either maintained or improved its sales trends sequentially. CEO Rob Lynch added that data shows Shake Shack improved its value perception over the last year across all income cohorts, which is helping drive broad-based growth.