Shake Shack Q1 Revenue Climbs 14% and Taps Ex-Starbucks Executive as CFO
CAVA•Shake Shack reported a 14% year-on-year rise in first-quarter revenue and has appointed David Johnson, a 15-year Starbucks finance veteran, as its new CFO effective June 1. Johnson will oversee Shake Shack’s financial strategy and support its expansion initiatives.
1. First-Quarter Revenue Growth
Shake Shack delivered a 14% increase in first-quarter revenue versus last year, driven by stronger same-store sales and rising digital orders as the brand expands its footprint and optimizes menu offerings.
2. Appointment of New CFO
The company named David Johnson as CFO effective June 1. Johnson joins from Starbucks, where he spent 15 years leading financial planning and analysis, and will be responsible for capital allocation, reporting and strategic planning.
