Shake Shack
Shake Shack have announced that same-store sales rose by 4.4% year-on-year. This news led to their share price to rise by 26%.
Shake Shack’s fourth quarter had a 2.8% same-store sales increase, driven by a 15% jump in traffic for the brand in October. Total revenue for Q4 rose to $286.2m, up 20.0% vs 2022.
In 2023, Shake Shack opened 85 restaurants – 15 of which were US based stores in Q4. The brand started 2024 with 518 sites worldwide. We shared news of some of these new stores – e.g. store openings in Texas.
Caffè Nero
Caffè Nero have shared their H1 results, with a 17% sales growth the main highlight.
The cafe and coffee shop had a 10% increase in life-for-like sales vs the same period in 2022. The brand highlighted that a key period in their calendar is Christmas – a 7% increase year on year in this period was driven by debuting new products.
At the end of January, the brand announced that they will open a drive-thru store. The store, located at London Stansted Airport, will be their first drive-thru store ever (in all geographic regions).
In February 2022, Caffe Nero bought the remaining 33% of Coffe#1 – following the initial 67% purchase of the brand in 2019 from Welsh Brewery owner SA Brain.
Read More:
Queensway, an established franchise partner of Starbucks, is preparing for a major expansion across the…
Pret A Manger is expanding its presence on UK motorways with the launch of three…
Indian street food brand Chaiiwala has expanded its footprint by opening a third location in…
Scottish Zambrero franchisee Dan Hawley has said the brand’s launch in Scotland has surpassed all…
Sandwich Sandwich is marking the launch of its newest location, its first ever grab and…
Snack brand Auntie Anne’s plans to open 10 new locations in 2026 as it works…