2nd q same–store sales advanced 4.8%, principally because customer traffic expanded by 5.2%.
Steak n Shake's same–store sales advanced 4.8%, principally because customer traffic expanded by 5.2%. Steak n Shake's earnings before interest and taxes increased to $13.1 million, up from $9.5 million in the second quarter of fiscal 2011.
-------
Very impressive continuing results especially in light of the people who said cutting prices and capex would hurt the brand. Looks like it helped it to me !
I was skeptical of his ability to run Steak N Shake. He has proven me wrong.
Hopefully he continues to make us lots of money going forward.