Shake Shack Partners With Grupo Attie-Multifood to Debut in Panama

Shake Shack Inc. SHAK has entered into a strategic partnership with Grupo Attie-Multifood Enterprises, which is a Panamanian conglomerate having operations across Panama, Colombia, Chile and Mexico.SHAK stock inched up 0.8% during yesterday’s trading hours but inched down 0.3% in the after-hours, after the announcement of the new partnership and international market debut.SHAK’s Panamanian DebutThrough this partnership, Shake Shack intends to mark its debut in Panama, reaching a milestone in its international expansion strategy. The very first Shack is expected to open doors in 2026, kickstarting the aim of opening 12 Shacks across the Panamanian market by 2035. Moreover, to create an exclusive experience in Panama, SHAK will be joining hands with the local purveyors and producers.The menu offerings will include the signatures, including the ShackBurger, classic crinkle cut fries, beer, wine and frozen custard, accompanied by other offerings that amalgamate the local flavors and ingredients with Shake Shack’s classic touch.This collaboration stands on the mutual values of quality, hospitality and top-tier guest experience delivery. It is expected to generate approximately 400 new jobs, fueling economic opportunities and empowering local Panamanian talent.Shake Shack’s Focus on Expansion Bodes WellShake Shack is committed to strategizing its expansion plans effectively. Through its focus on opening new Shacks globally and enhancing the offerings per the ever-changing trends, the company is able to navigate through market uncertainties and ensure profitability.In the first quarter of fiscal 2025, SHAK opened four new company-operated Shacks, including two drive-thrus. Also, abiding by one of its strategic priorities of growing its license business, during the same time frame, it opened seven new licensed Shacks. For fiscal 2025, it expects to open approximately 45-50 company-operated Shacks, with about 35-40 licensed Shack openings.Notably, in fiscal 2024, Shake Shack expanded its global footprint by entering three new markets, Canada, Israel and Malaysia, while growing its licensed presence to 250 locations across 20 countries. Throughout fiscal 2024, the company welcomed 33 new licensed Shacks.Image Source: Zacks Investment ResearchShares of this New York-based fast food hamburger restaurant chain have gained 5.1% in the past three months against the Zacks Retail - Restaurants industry’s 7.1% decline. Its continuous focus on global expansion, menu innovations and other strategic business-enhancement initiatives is expected to support its prospects amid macro uncertainties.SHAK’s Zacks Rank & Key PicksShake Shack currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Zacks Retail-Wholesale sector.Sprouts Farmers Market, Inc. SFM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The company has a trailing four-quarter earnings surprise of 16.5%, on average. The stock has gained 24.7% year to date. The Zacks Consensus Estimate for Sprouts Farmers’ 2025 sales and earnings per share (EPS) indicates a rise of 13.7% and 33.6%, respectively, from the year-ago period’s levels.BJ's Restaurants, Inc. BJRI currently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter negative earnings surprise of 101.2%, on average. The stock has moved up 21.9% year to date.The Zacks Consensus Estimate for BJ's Restaurants’ 2025 sales and EPS indicates growth of 3.2% and 22.5%, respectively, from the year-ago period’s levels.Wingstop Inc. WING currently carries a Zacks Rank of 2. The company has a trailing four-quarter earnings surprise of 6.1%, on average. The stock has inched up 0.7% year to date.The Zacks Consensus Estimate for Wingstop’s 2025 sales and EPS indicates growth of 16.6% and 6.3%, respectively, from the year-ago period’s levels.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM): Free Stock Analysis Report Shake Shack, Inc. (SHAK): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks