Shake Shack to close 9 underperforming locations; expects $28-30M pretax charges in Q3 2024

Shake Shack Inc.

Nine company-owned Shacks in California, Ohio, Texas to close by Sept 25, 2024.
Expected cumulative pretax charges of $28-30M in Q3 2024; cash costs $14-15.2M.
Non-cash impairment charges of $14-14.8M for asset impairment and write-offs.
Management and hourly team members offered transfers or up to 60 days pay.
Company reaffirms FY2024 guidance and 2024 opening plans; no additional closures expected.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.