scorecard
  1. Home
  2. stock market
  3. Shake Shack is getting slammed after earnings

Shake Shack is getting slammed after earnings

Akin Oyedele   

Shake Shack is getting slammed after earnings
Stock Market1 min read

Shake Shack shares fell as much as 8% in after-hours trading Monday after the company reported fourth-quarter results.

The fast-food chain reported adjusted earnings per share (EPS) of eight cents, beating by one cent, on revenues of $51.1 million.

Analysts had expected revenues totaling $50.3 million, according to Bloomberg.

So-called same-shack sales - at locations open for at least one year - came in at 11% for the quarter.

The company had projected a rise in sales at stores open for at least one year (same-store sales) by 2.5% to 3% in 2016, and expected revenues in a range of $237 million to $242 million.

It reiterated this guidance, and Wall Street had expected revenues of $240 million.

During the fourth quarter, Shake Shack launched its Chick'n Shack sandwich nationwide, in a direct shot at chicken-burger stalwart Chick-fil-A.

The company's stock has rallied 7% this year.

Refresh this story for updates.

READ MORE ARTICLES ON


Advertisement

Advertisement