SQ Square Inc. Class A

Square Names Shake Shack CEO Randy Garutti to Board of Directors

Today Square announced that Randy Garutti, CEO of Shake Shack, has joined its Board of Directors.

“Like Shake Shack, Square started small. It has since grown quickly but mindfully into an international public company,” said Garutti. “I’m excited to share my experience in growing and scaling a business, and I’m thrilled to learn from and advise such a dynamic and talented team.”

“Randy has successfully led Shake Shack through significant expansion, and his day-to-day operational experience scaling a business will be a great asset to both Square and our sellers,” said Jack Dorsey, CEO of Square. “His passion for acting small while getting big is directly aligned with Square’s principles, and we’re excited to have him on the team.”

Garutti has served as Shake Shack's Chief Executive Officer and on its board of directors since April 2012. Prior to leading Shake Shack, Garutti was the Director of Operations at Union Square Hospitality Group, working with CEO Danny Meyer for more than 17 years, overseeing operations for all USHG restaurants. In addition, Garutti served as General Manager of numerous acclaimed restaurants, including Union Square Cafe and Tabla. Garutti graduated from Cornell University's School of Hotel Administration in 1997.

Square’s Board of Directors also includes Jack Dorsey, Roelof Botha, Paul Deighton, Jim McKelvey, Mary Meeker, Ruth Simmons, Larry Summers, and David Viniar.

About Square, Inc.

Square, Inc. (NYSE:SQ) creates tools that help sellers start, run, and grow their businesses. Square enables sellers to accept card payments and also provides reporting and analytics, next-day settlement, and chargeback protection. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage customers; and grow sales. Square Cash is an easy way for businesses and individuals to send and receive money, and Caviar is a food ordering service for popular restaurants. Square was founded in 2009 and is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland, and the UK.

EN
20/07/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Square Inc. Class A

Soomit Datta
  • Soomit Datta

SQ US (Neutral, TP: $70, -5%) Block Q3 24 - Solid quarter, signs of Sq...

Block is slowly fixing operational issues at Square which should enable a more balanced 2-sided ecosystem with Cash App. We saw stable GPV growth in Q3 (8% y/y) but better momentum through the quarter and into October (double digit).

Soomit Datta
  • Soomit Datta

PYPL US (BUY, TP: $85, +24%) ADYEN (BUY, TP: EUR1,700) SQ US (Neutral,...

We continue our series of Deep dives into Payments (see previous: Unified Commerce, and Rise of the Merchants) with a look at Real Time Payment (RTP) developments. Adoption has been rapid on a global basis, notably at the consumer level in markets like Brazil, though is a significant laggard in the US. Momentum here is, however, slowly building through FedNow (launched only in 2023) with banks/FIs stalling, but with consumer demand we think high and with a Visa/Mastercard interchange settlement ...

Soomit Datta
  • Soomit Datta

SQ US (Neutral, TP: $70, +15%) Block INITIATION: Spin the Wheels

There’s a path to strategic success for Block and, if anyone can find it, it’s probably returned co-founder Jack Dorsey. He needs to fix operational issues at Square, reversing share losses, and seek out merchant growth. This should enable a more balanced 2-sided ecosystem with Cash App, providing additional utility for consumers. Cash App otherwise risks becoming “just another” wallet. Structural headwinds include: likely instant deposit declines and a more resurgent Venmo.

Valens Research
  • Valens Research

Valens Credit Weekly Insights - 2024 06 26

Valens Credit Research team highlights SQ which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch