Shake Shack has confirmed that its chief financial officer (CFO), Katherine Fogertey, will exit the company on 4 March 2026.
She will transition into the position of a senior advisor with immediate effect, supporting the handover to her successor.
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Fogertey stated: “I am incredibly proud of all that we have achieved together during my time as CFO, including doubling our footprint and implementing meaningful improvements to our business model.
“We have built a solid foundation that will help power Shake Shack’s robust growth opportunity for many years to come.”
The company will begin the search for a new CFO immediately.
As part of the succession process, Shake Shack is setting up an office of the CFO made up of long-serving leaders from financial planning, accounting, treasury, data science and investor relations.
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By GlobalDataThe new structure will maintain stability and continuity of financial support to the business while the recruitment process is under way.
Shake Shack CEO Rob Lynch stated: “Katie has made a meaningful and positive impact on Shake Shack, helping us navigate pivotal moments of growth and transition.
“We are grateful for her significant contributions to the strategic and financial growth of our company and wish her continued success in all that comes next. We also have full confidence in the experienced team of leaders who will guide the newly established Office of the CFO in the interim as we begin our search.”
Alongside the leadership update, Shake Shack reiterated the guidance it issued in October 2025 for the fourth quarter (Q4) and full year 2025, as well as its three‑year financial goals.
For Q4 to 31 December 2025, the company continues to forecast total revenue in the range of $406m to $412m, with licensing revenue between $15.4m and $15.7m.
Same‑Shack sales are forecast to rise by a low single‑digit percentage compared with the same period a year earlier.
For the 2025 financial year ending 31 December 2025, Shake Shack continues to project total revenue of about $1.45bn, representing growth of16% year-on-year.
Licensing revenue is expected to be between $54.1m and $54.5m.
The company is maintaining guidance for adjusted earnings before interest, taxation, depreciation and amortisation in the range of $210m to $215m for fiscal year 2025.
The group’s three‑year targets are unchanged.
Shake Shack is aiming for total revenue growth and system‑wide unit expansion both in the low‑teens percentage range.
