USA - Shake Shack: How a NY hot dog cart turned into burger chain that generated $286 million in 2023: Yahoo Finance

4 May 2024

Roadside burger chain Shake Shack (SHAK) may have just gone public in 2015, but it has been one of the fastest-growing fast-food chains for the past 20 years. In 2023, Shake Shack generated over $286 million in total revenue, up 20% year-over-year. Let's take a look at the company's biggest moments with Beyond the Ticker. 2001 It started as a hot dog cart, operated by restauranteur Danny Meyer in New York's Madison Square Park. 2004 That turned into a permanent location – where it added more menu items like burgers, fries, frozen custard, and those famous milkshakes. 2010 Meant to be a single location, there was an appetite for expansion. By 2010, two more locations were added in New York. One in the Upper West Side, and the second in the home to the New York Mets, Citi Field. 2015 On January 29, 2015, Shake Shack went public via initial public offering (IPO) on the New York Stock Exchange (NYSE) at $21 per share. 2017-2024 From there, the burger chain only continued to grow – expanding its digital platforms, partnering with third-party delivery service providers like Uber Eats (UBER), adding kiosks to stores, and even drive-thru's. 2024 This year at roughly 90 US locations, it’ll now be using Carbon Neutral Whole Milk, after it expanded its partnership with US-based carbon-neutral food company, Neutral Foods. In March, the company announced that CEO Randy Garutti would step down after a 20-year run. Rob Lynch, the current CEO of Papa John's, will be named the next CEO, effective May 20, 2024. And Shake Shack continues to make its mark on the fast-food, fast-casual industry, with 530 locations across the globe and growing. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

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#usa - Stock market's earnings backdrop upholds positive outlook, says Fundstrat's Tom Lee: CNBC Television

25 April 2024

Virtus’ Joe Terranova and Fundstrat’s Tom Lee, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.

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#us #homes - American dream has changed, as people find renting easier, homebuilder says - Yahoo Finance

20 April 2024

According to data from Freddie Mac, 30-year mortgage rates have once again risen above 7%. As home prices continue to rise and inventory remains low, the potential for new homebuyers to afford a home dwindles.

Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance to break down what higher mortgage rates mean for homebuyers and the overall demand for homes.

McNeilage affirms his stance on why mortgage rates will increase: "I'm calling 8%. There is not enough supply out there. Supply and demand is working. The value and price of homes is just simply not going down. If anybody is waiting to get a house and can get a mortgage right now I would suggest they do so. If you can't do it and can't afford a house, there's opportunities to rent brand-new ones out there for folks. "

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The market pulled too much of a forward outlook into current price action, says Citi's Chronert: CNBC Television

19 Apr 2024

Scott Chronert, Citi US equity strategist, and Nicole Webb, Wealth Enhancement Group SVP, joins 'Closing Bell Overtime' to talk the day's market action.

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#ibex #españa - Significantly Below Fair Value: DIA is trading below fair value by more than 20%. (DIA.MC)

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