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Shake Shack, Inc. (SHAK) CEO Randy Garutti on Q1 2021 Results - Earnings Call Transcript

May 06, 2021 10:38 PM ETShake Shack Inc. (SHAK)
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Shake Shack, Inc. (NYSE:SHAK) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET

Company Participants

Rik Powell - SVP, Finance

Randy Garutti - CEO & Director

Tara Comonte - President & CFO

Conference Call Participants

Nicole Miller - Piper Sandler

Jared Garber - Goldman Sachs Group

Lauren Silberman - Credit Suisse

Michael Tamas - Oppenheimer

John Glass - Morgan Stanley

Jeffrey Bernstein - Barclays Bank

Andrew Charles - Cowen and Company

David Tarantino - Baird

Peter Saleh - BTIG

Brett Levy - MCM

Jim Sanderson - Northcoast Research

Alec Estrada - Stifel, Nicolaus & Company

Brian Vaccaro - Raymond James


Greetings, and welcome to the Shake Shack First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Rik Powell, Senior Vice President of Finance and Investor Relations. Thank you, Rik. You may begin.

Rik Powell

Thank you, Paul, and good evening, everybody. Joining me for Shake Shack's conference call is our CEO, Randy Garutti; and President and CFO, Tara Comonte. During today's call, we will discuss non-GAAP financial measures, which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for the results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are available in our earnings release and the Appendix to our supplemental materials.

Some of today's statements may be forward-looking. And actual results may differ materially due to a number of risks and uncertainties, including those discussed in our annual report on Form 10-K filed on February 26, 2021. Any forward-looking statements represent our views only as of today, and we

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