Shack Shack is climbing after crushing earnings (SHAK)

pulse

May 3, 2018 9:31 PM

Shake Shack reported first quarter earnings that topped Wall Street's expectations on Thursday that sent the stock skyward in after-hours trading.

The stock popped more than 5% in after-hours trading.

Shake Shack reported first-quarter earnings that topped Wall Street's expectations on Thursday, sending shares surging in after-hours trading.

Here are the key figures:

Earnings per share:
Revenue

Same-Shack sales, one of the most closely-watched metrics for the burger chain, came in at 1.7%, well above the 0.8% last quarter

Its first Chinese location opened in Hong Kong this week.

For the full year of 2018, Shake Shack raised its revenue guidance to between $446 million and $450 million, from the previous window of $444 million to $448 million, with same-store sales of between 0% and 1% from a previous flat guidance.

pulse

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng