Steak n Shake (SNS) Reports Preliminary Q1 Results
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Steak n Shake Company (NYSE: SNS) today issued preliminary results for its Q1: total revenues are expected to be $136 million, versus the consensus of $141.08 million. The Company expects to report a Q1 loss of $0.04 to $0.05, versus the consensus of a $0.05 gain.
Steak n Shake's same store sales for the quarter were down 9.5%.
The Company said "guest traffic was impacted by deterioration in the consumer economic environment, a prior year incremental coupon that was not repeated in the current year, unfavorable weather in the month of December, aggressive promotional activity from competitors, and ongoing issues with store level execution."
The Steak n Shake Company engages in the ownership, operation, and franchising of full service, casual dining restaurants in the United States.
Steak n Shake's same store sales for the quarter were down 9.5%.
The Company said "guest traffic was impacted by deterioration in the consumer economic environment, a prior year incremental coupon that was not repeated in the current year, unfavorable weather in the month of December, aggressive promotional activity from competitors, and ongoing issues with store level execution."
The Steak n Shake Company engages in the ownership, operation, and franchising of full service, casual dining restaurants in the United States.
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