Popular burger chain Shake Shack is closing nine underperforming locations across three states, the company confirmed in an emailed statement to USA TODAY on Thursday.
The closures include six locations in California, two in Texas and one in Ohio, according to the chain. The company said in the report it "currently does not anticipate closing any additional Shacks based on this evaluation" for the foreseeable future.
"After careful consideration, we’ve made the tough decision to close a small group of Shacks due to various factors, including underperformance," said Shake Shack CEO Rob Lynch in the statement obtained by USA TODAY. "We remain focused on supporting our team members through this transition and look forward to continuing our growth, opening many more locations across the country.”
Lynch also said in the statement the chain plans to open 40 new company-owned locations and 40 more licensed locations this year.
Since Shake Shack opened its original location in 2004 in New York City's Madison Square Park, the company has expanded to over 510 locations, including 330 across 33 states and the District of Columbia, and over 180 international locations, according to the company's 2023 financial results.
According to the company, the Shake Shack locations impacted include:
The company expects to complete the closures by Sept. 25, 2024, according to the report filed with the SEC.
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].
2024-12-25 00:562993 view
2024-12-25 00:291610 view
2024-12-25 00:072266 view
2024-12-24 23:322516 view
2024-12-24 23:252263 view
2024-12-24 23:092779 view
LOS ANGELES (AP) — Diamond Sports Group announced Wednesday it reached a multi-year agreement with P
INDIANAPOLIS (AP) — Legislators in Indiana advanced a bill Wednesday that would limit tenure at publ
Isabella Strahan is continuing to document her cancer journey. Since being diagnosed with medullobla
