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Shake Shack: 1Q Earnings Snapshot

NEW YORK (AP) _ Shake Shack Inc. (SHAK) on Monday reported a first-quarter loss of $960,000, 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 3 cents. Earnings, adjusted for non-recurring costs, came to 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The burger chain posted revenue of $143.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $143 million.

Shake Shack shares have fallen 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.77, a fall of 16% 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