Shake Shack CEO Rob Lynch said the company won't chase low prices despite 20% stock decline post-earnings. Same-store sales rose just 1.8%, missing estimates. Lynch told CNBC that Shake Shack will focus on supply chain efficiency and alternative value offerings like $1 drinks via app. "We've built so much productivity over last year...operating margins...gone from...20% up to 24%," he added.
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01:51 pm on
05 Aug