Katie Fogertey steps down as Shake Shack’s chief financial officer

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Katherine Fogertey has resigned from her presumption arsenic main fiscal serviceman of Shake Shack effectual immediately, the fast-casual burger concatenation said Tuesday. She volition permission the institution effectual March 4 and until past volition enactment arsenic a elder advisor for the institution to guarantee a creaseless transition. 

The institution that operates and franchises much than 645 restaurants said it would statesman a hunt for her replacement instantly and successful the interim volition signifier an “Office of the CFO” comprised of leaders successful fiscal planning, accounting, treasury, information science, and capitalist relations.

Fogertey joined the institution successful 2021 aft moving arsenic an expert for Goldman Sachs. Since past the institution has seen same-store income maturation each quarter.

“Katie has made a meaningful and affirmative interaction connected Shake Shack, helping america navigate pivotal moments successful maturation and transition,” main enforcement serviceman Rob Lynch, who stepped into that relation successful May of 2024, said successful a statement. “We are grateful for her important contributions to the strategical and fiscal maturation of our institution and privation her continued occurrence successful each that comes next. We besides person afloat assurance successful the experienced squad of leaders who volition usher the recently established Office of the CFO successful the interim arsenic we statesman our hunt for our adjacent CFO.”

Shake Shack did not authorities a crushed for Fogertey’s departure.

“I americium incredibly arrogant of each that we person achieved unneurotic during my clip arsenic CFO, including doubling our footprint and implementing meaningful improvements to our concern model," she said successful a statement. “We person built a coagulated instauration that volition assistance powerfulness Shake Shack’s robust maturation accidental for galore years to come. I privation to explicit my heartfelt gratitude to our astonishing leaders connected the concern team, successful our shacks, and broadly astatine our enactment centers — your enactment has been captious to each that we person achieved. As I modulation into my caller relation arsenic elder advisor, I americium dedicated to ensuring a creaseless handoff and continuing to enactment the company. I americium excited to proceed to cheer connected Shake Shack and ticker this squad scope caller heights.”

Shake Shack besides reiterated its guidance for the 4th fourth and fiscal twelvemonth 2025.

For the 4th ending Dec. 31, 2025 it expects:

• Revenue of betwixt $406 cardinal and $412 million, including licensing gross of betwixt $15.4 cardinal and $15.7 million

• Same-store income maturation successful the debased azygous digits

• Restaurant-level operating nett borderline of 23.3% to 23.8%