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

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