By Dean Seal
Shake Shack doubled its profit with higher revenue in the first quarter but barely moved the needle on same-store sales growth, pressuring shares ahead of the opening bell.
The fast-casual burger chain posted a profit of $4.2 million, or 10 cents a share, compared with $2 million, or 5 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were 14 cents a share. Analysts surveyed by FactSet had been expecting 16 cents a share.
Revenue rose 10.5% to $320.9 million, below analyst projections for $328 million, according to FactSet.
Same-store sales inched higher, but widely missed analyst estimates for 2.4% growth.
Shares slid 5.4% to $83 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 01, 2025 07:17 ET (11:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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