scorecard
  1. Home
  2. stock market
  3. Here comes Shake Shack...

Here comes Shake Shack...

Graham Rapier   

Here comes Shake Shack...
Stock Market1 min read

shake shack

REUTERS/Brendan McDermid

Robby Keesb eats a Shake Shack burger in front of New York Stock Exchange as part of the company's IPO celebration January 30, 2015.


Shake Shack is set to report its first quarter financial results after the closing bell Thursday.

Analysts polled by Bloomberg expect the Danny Meyer-founded burger chain to report earnings of $0.81 per share on revenue of $96.78 million.

Same-store sales, one of the most closely watched metrics of retail companies and touted by the company as "same-shack sales," were up 0.8% last quarter. CEO Randy Garutti said at the time the chain is planning to double its store count by the end of 2020 while increasing its revenue to $700 million.

Shake Shack has already begun the expansion since then, opening its first Chinese location in Hong Kong this week to much fanfare. The chain also added a new veggie burger to its menu to entice more herbivorous customers to visit the historically meat-centric restaurant.

Shares rose about 0.4% in trading Thursday, and options trading throughout the day implies a 9% move on the earnings report.

Check back here at 4 p.m. for the full earnings report.

READ MORE ARTICLES ON


Advertisement

Advertisement