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Shake Shack meets 4Q profit forecasts

NEW YORK (AP) _ Shake Shack Inc. (SHAK) on Wednesday reported fourth-quarter earnings of $3.9 million.

On a per-share basis, the New York-based company said it had net income of 15 cents. Earnings, adjusted for non-recurring gains, came to 9 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share.

The burger chain posted revenue of $73.3 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $70.5 million.

For the year, the company reported net income of $12.4 million, or 34 cents per share, swinging to a profit in the period. Revenue was reported as $268.5 million.

Shake Shack expects full-year revenue in the range of $349 million to $353 million.

Shake Shack shares have risen almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.12, a decline of 13 percent 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


Keywords: Shake Shack, Earnings Report