Shake Shack posts narrower-than-expected loss on quarter

Shake Shack Inc. /zigman2/quotes/209397077/composite SHAK -1.05% shares ticked higher in the extended session Thursday after the fast-food restaurant chain turned in a narrower-than-expected loss for the quarter. Shake Shack shares rose 1% after hours, following a 5.1% drop in the regular session to close at $118.92. The company posted a fourth-quarter net loss of $19.4 million, or 50 cents a share, whereas it had recorded a net loss of $2.1 million, or 6 cents a share, in the year-earlier quarter. On an adjusted basis, Shake Shack lost 3 cents a share, versus adjusted earnings per share of 6 cents a year prior. The FactSet consensus was for an 11-cent adjusted loss per share. Shake Shack’s revenue for the quarter rose to $157.5 million from $151.4 million, right in-line with the analyst consensus of $157.5 million.

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Shake Shack Inc. Cl A

US : U.S.: NYSE

$ 107.22

-1.14 -1.05%

Volume: 230,144

April 21, 2021 1:15p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.55 billion

Rev. per Employee

$70,382