By: Economic & Finance Report

Shake Shack has indicated there has been minimal growth in revenue because of the impact of Omicron. The burger and fries chain maker indicated that Omicron impacted employee shortages; people ordering food; and the fact that their restaurants had to close at earlier time schedules.

Estimates of revenue from the chain had analysts predicting it would hit $210.90 million, the restaurant’s findings tend to be different. Shake Shack has indicated their revenues will fall in line between $196 million – $201 million (data taken from Refinitiv). The burger chain has indicated that the omicron variant did more harm than predicted, which led to minimal sales by customers. -SB

Image Source: Restaurant Business Magazine

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