Shake Shack swings to first-quarter profit, raises revenue outlook
Shares of Shake Shack Inc. rallied in Thursday's extended session after the burger chain posted better-than-expected quarterly results. Shake Shack reported it swung to first-quarter earnings of $1.5 million, or 7 cents a share, from a loss of $12.7 million, or $1.06 a share, a year earlier. On an adjusted basis, the company would have earned 8 cents a share. Revenue grew 43% to $54.2 million while same-store sales rose 9.9%. Analysts surveyed by FactSet had forecast earnings of 5 cents a share... Читать дальше...