Shake Shack CEO Shares Ambitious Global Expansion Plan Following 'Fine Casual' Restaurant Chain's Recent Earnings Beat

Benzinga

Shake Shack CEO Rob Lynch shared expansion ambitions in an interview with CNBC’s Jim Cramer. He aims to grow the burger chain domestically and internationally, asserting Shake Shack’s distinct fine casual dining position with limited competition. The chain originated in New York City under Danny Meyer’s restaurant group and now boasts over 300 locations. Following a recent earnings beat, Shake Shack’s stock rose 7% on Wednesday. Lynch emphasized plans to reach new regions, including untapped parts of continental Europe, and is exploring new restaurant formats, such as drive-throughs, to reach broader audiences.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Shake Shack CEO Rob Lynch shared expansion ambitions in an interview with CNBC's Jim

00:07Kramer. He aims to grow the burger chain domestically and internationally,

00:11asserting Shake Shack's distinct fine casual dining position with limited competition.

00:16The chain originated in New York City under Danny Meyers' restaurant group and now boasts

00:21over 300 locations. Following a recent earnings beat, Shake Shack stock rose over 7% on Wednesday.

00:28Lynch emphasized plans to reach new regions, including untapped parts of continental Europe,

00:32and is exploring new restaurant formats, such as drive-thrus, to reach broader audiences.

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