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Shake Shack Sizzles Following Strong Sales, Raised Guidance

M. Corey Goldman

were cooking in premarket trading on Friday after the iconic burger-and-fries restaurant chain reported higher revenue and sales, and raised its guidance for the remainder of the year. Shake Shack posted net income of $3.6 million, or 9 cents a share, compared with $3.5 million, or 13 cents a share, in the comparable year-earlier period. The company also increased its full-year revenue guidance by $6 million, to a range of $576 million to $582 million, and boosted its expected same-store sales growth expectations to 1% to 2% from zero to 1%.