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Shake Shack reports net loss in debut report

Getty Images. Labor will be Shake Shack's greatest headwind for the next couple of years, said CEO Randy Garutti.

Burger chain Shake Shack (NYSE: SHAK) reported revenue that topped estimates and a net loss in its first quarterly report as a public company.

Shares were lower following the report. (Click here to track Shake Shack stock.) (NYSE: SHAK)

Its revenue rose to $35 million from $23 million in the year-before period.

The company reported a net loss of 5 cents per share.


Analysts forecast burger chain Shake Shack (NYSE: SHAK) would report revenue of $33 million, according to a consensus estimate from Thomson Reuters.

Read More Are hot IPOs like Shake Shack really worth it?

The better-burger chain's stock has more than doubled since its IPO in January.

Same-restaurant sales rose 7.2 percent from a year ago. This key restaurant metrix was forecast to increase 4 percent, according to an estimate from Consensus Metrix.

During fiscal year 2015, Shake Shack expects revenue to be in the range of $159 million to $163 million and sales growth in the low single digits.



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