Publish date:

Shake Shack CEO Talks Building the Burger Business After Its IPO

Shake Shack CEO Randy Garutti talks plans for the burger chain's future after its highly-anticipated initial public offering on the New York Stock Exchange.

Shake Shack CEO Randy Garutti talks plans for the burger chain's future after its highly-anticipated initial public offering on the New York Stock Exchange. After pricing at a higher-than-expected $21 a share, raising $105 million, Garutti details how the company expects to expand its 63 restaurants to more than 400 -- and maintain the quality and culture of Shake Shack's brand in the process. He describes how the company plans to keep from falling susceptible to challenges that other burger chains like McDonald's have faced and how it will adapt itself to new markets overseas. Plus, Garutti reveals whether consumers can expect Shake Shack products to pop up in their local grocery stores and what new products it may have on the horizon.

TheStreet Recommends