Shake Shack (SHAK) reports mixed Q1 results, stock climbs
Shake Shack (NYSE: SHAK) reported mixed financial results for the fiscal first quarter, with earnings beating and revenue missing consensus estimates.
Shares climbed 1.6% in premarket trading Thursday.
In particular, earnings per share (EPS) came in at $0.13, beating the expected $0.10. The company reported revenue of $290.5 million for the quarter, slightly below the consensus estimate of $290.96 million.
The restaurant-level profit margin for the quarter improved to 19.5%, up from 18.3% in the same period last year.
By Vahid Karaahmetovic