The renowned American fast-casual dining chain, Shake Shack, has unveiled plans to significantly expand its presence across the United States. The company recently announced a long-term goal of operating at least 1,500 company-operated restaurants within the country, representing an impressive increase from its current count of 329 locations as of the end of fiscal year 2024. This ambitious expansion strategy reflects Shake Shack's confidence in its brand and its commitment to enhancing customer experiences while fostering community growth. Additionally, the company has set revenue and profitability targets for the next few years, aiming for robust financial performance.
In a significant move, Shake Shack is gearing up to elevate its market footprint by more than 350%. Founded in 2004, the burger chain has consistently strived to bring "Enlightened Hospitality" to its patrons and communities. CEO Rob Lynch expressed pride in the company's achievements and highlighted that this expansion marks just the beginning of what they envision as substantial growth potential. The new target surpasses the previously set goal of 450 restaurants, which was outlined when the company went public about a decade ago.
To achieve this ambitious expansion, Shake Shack is focusing on 20 priority markets while reinforcing its presence in existing regions. The company also projects steady revenue and earnings growth over the next three years. CFO Katie Fogertey emphasized that their financial guidance for 2025 and beyond represents some of the highest growth rates in the restaurant industry. For fiscal 2025, Shake Shack anticipates total revenues between .45 billion and .48 billion, with adjusted EBITDA ranging from 0 million to 0 million. Furthermore, the company plans to open approximately 45 new company-operated locations and 35-40 licensed establishments in 2025 alone.
This strategic expansion not only underscores Shake Shack's commitment to growing its domestic presence but also highlights its focus on delivering exceptional dining experiences and creating opportunities for its workforce. With nearly 12,200 employees at the end of 2023, the company aims to continue fostering a positive impact on both its team members and the broader community. As it moves forward, Shake Shack remains dedicated to achieving its ambitious goals while maintaining high standards of service and quality.
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