News Formal

Shake Shack's business model slammed by virus as sales plunge

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

.ShakeShack's business model slammed by coronavirus as sales plunge

"We expect the company to face meaningful declines for the foreseeable future."

"Given uncertainty regarding the timing of a recovery , a return to normalised sales levels and resumption of new unit growth, we are moving to the sidelines."Raymond James Financial's Brian Vaccaro:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hiap Hoe shutters leisure-business operations, expects virus to weaken H1 2020 performancePROPERTY developer Hiap Hoe on Thursday said that it expects its financial performance for the first half of 2020 to be “adversely impacted” by the outbreak of the virus, compared to the corresponding period a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »