Amid the mass unemployment, layoffs, and furloughs taking place as companies around the world struggle to stay solvent, we're just barely beginning to see the green shoots of hiring peeking through the carnage wrought by the pandemic.
But, Shake Shack ($SHAK), which is announcing earnings Monday, May 4 after the bell, is looking good and smelling good.
Shake Shack cut more than 90% of its job postings as the pandemic spread, temporarily shutting many locations. But as the chain kept some stores open for pickup orders, job postings never went to zero - and recently, Shake Shack began hiring dozens of more workers.
Part of what could be driving the rebound in job postings for Shack is the fact that it has continued to operate many of its locations, which we track as of early 2020, above. The company is listing closed locations here.
Shake Shack got an earful on social media after accepting and then returning federal loans - but it doesn't seem as if the decision by the company will have much of an impact on sales, yet.
Analysts tracked by Zacks Investment Research are looking for EPS of $0.01, in the pandemic-impacted quarter, when Shake Shack reports results. Shares are down about 14% this year.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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