StocksMedium•8 October 2026•
1 min read
Shake Shack to Open 40 Restaurants in Brazil Under New Licensing Deal
Key Facts
1Shake Shack plans to open 40 restaurants in Brazil by 2036 through a new licensing agreement.
Shake Shack plans to open 40 restaurants in Brazil by 2036 through a new licensing agreement. Zacks reported that the move is part of a strategic expansion to strengthen the company's footprint in Latin America and tap into growth opportunities in emerging markets using an asset-light model.
SHAK closed at $64.17 on October 7, 2026, with the stock reaching a session high of $64.74 and a low of $63.56. This expansion follows recent economic data from Brazil, where industrial production fell by 0.6% on October 2, 2026, and the Services PMI was recorded at 49.2 on October 5, 2026.