Shake shack crypto

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Now the promos are getting a little less sexy. That's because we're in the fast food phase of the hype cycle. The promotion isn't a response to patrons clamoring for crypto-with-cheese, according to CMO Jay Livingston.

It's not an entirely new area for restaurants to venture into. While Shack Shack is fryingпїЅer, tryingпїЅto feel out the crypto space, Block is a well-established patron of Bitcoin. Its Spiral brand formerly Square Crypto has pumped out software developer kits for Bitcoin and the Lightning Network, while the TBD division yes, that's its real name is working on a Bitcoin-based decentralized exchange.

Cash App has been busiest of all. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Head to consensus. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April Secure Your Seat. Facebook icon Linkedin icon Twitter icon. Follow mikeybellusci on Twitter.

Shake Shack is trying to see if it can attract younger customers with the crypto rewards, as well as gauge customer demand in general for cryptocurrency options, executives told the Journal. The promotion will be available through mid-March.

The burger chain has over U. Read more about.

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Many companies are looking to experiment with cryptocurrency without expectations of positive results, said Karine Hsu, partner at Slope Agencies LLC, a creative agency that has worked with crypto startups. But brands still need a concrete strategy as they experiment and should determine whether consumers are curious at all about cryptocurrencies, she said.

As interest picks up in Web3, a buzzword used to describe a decentralized internet and startups in the cryptocurrency space, companies should see how they can add value to customers experimenting with digital currencies and other related technologies, said Brendan Gahan, partner and chief social officer at the advertising agency Mekanism Inc.

Gahan said. All Rights Reserved. Coverage of the crypto market and the exchange's bankruptcy, selected by editors. To survive and thrive in and beyond, technology companies should rededicate their efforts to improving supply operations, modernizing infrastructure, and leveraging growth opportunities. Smart home tech providers that earn a reputation for helping consumers understand and improve data privacy and security may be able to gain a competitive edge.

The Wall Street Journal news department was not involved in the creation of this content. Skip to Main Content Skip to Search. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Dow Jones. Newsletter Sign-up. When one analyst asked Shake Shack executives about the pricing power it has in this macro-environment and if they will increase pricing again, Garutti said that as of now, "we have no plan to take new price.

However, he added that the company has to make sure to "protect our margins" while Fogertey noted that "another price increase пїЅ very small пїЅ could be on the table. I don't think anybody knows and we got to make sure that we're providing a great value. Massive discounting is off the table though, alluding to the high-income consumer it serves looking for what he calls, an "elevated experience" amid inflation. Same-store sales were up too, 7.

ET on Thursday after paring some early losses. In , the company opened 36 U. Upon reporting preliminary fourth-quarter results and its outlook at the ICR conference , Shake Shack also unveiled major plans for more locations , discussed the success of its different formats like its drive-thru concept, and weighed in on the impact of inflation.

For the full year , Shake Shack expects to open nearly 40 U. Currently, the company operates 11 drive-thru locations, nine of which opened last year. Operating profit margins should be on par or better than the company average, Shake Shack said. Setyan said "favorable weather and the year-over-year Omicron comparison" could provide more upside to same-store sales.

Brooke DiPalma is a reporter for Yahoo Finance. Follow her on Twitter at BrookeDiPalma or email her at bdipalma yahoofinance. For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here.

Read the latest financial and business news from Yahoo Finance. Download the Yahoo Finance app for Apple or Android. Do the numbers hold clues to what lies ahead for the stock? DraftKings DKNG stock popped late Thursday after the sportsbook operator posted a revenue beat and narrower-than-expected loss for its fourth quarter.

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