Shake Shack Inc expects its delivery sales to be volatile throughout 2020 after ...
FILE PHOTO: Customers wait for their food inside of a Shake Shack store in New York, U.S., September 27, 2017. REUTERS/Lucas Jackson
The company, known for its “roadside” style milkshakes and burgers, is also facing “potentially significant headwinds” due to the coronavirus outbreak in China, where it has seven stores, and concerns throughout the rest of Asia. In the fourth quarter that ended Dec. 25, same store sales dropped 3.6%, with a 1.8% increase in ticket prices offset by a 5.4% decline in traffic.Shake Shack originally planned to roll out its exclusive partnership quickly after it was announced in August.
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