Shake Shack: 3Q Earnings Snapshot
NEW YORK (AP) _ Shake Shack Inc. (SHAK) on Monday reported third-quarter profit of $10.3 million.
On a per-share basis, the New York-based company said it had profit of 31 cents.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The burger chain posted revenue of $157.8 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $156.8 million.
Shake Shack expects full-year revenue in the range of $592 million to $597 million.
Shake Shack shares have climbed 86% since the beginning of the year. In the final minutes of trading on Monday, shares hit $84.28, a climb of 79% in the last 12 months.