Shake Shack: 3Q Earnings Snapshot

October 29, 2020 GMT

NEW YORK (AP) _ Shake Shack Inc. (SHAK) on Thursday reported a third-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs, were 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The burger chain posted revenue of $130.4 million in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $126 million.

Shake Shack shares have risen 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.97, a fall of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHAK at https://www.zacks.com/ap/SHAK