Shake Shack Reports Mixed Q1 Earnings, Withdraws Guidance

Shake Shack SHAK reported quarterly earnings of 2 cents per share on Monday, which beat the analyst consensus estimate of 1 cent. This is a 84.62% decrease over earnings of 13 cents per share from the same period last year.

The company reported quarterly sales of $143.2 million, which missed the analyst consensus estimate of $146.310 million by 2.13%. This is a 7.99% increase over sales of $132.609 million the same period last year.

The company has withdrawn its fiscal year 2020 guidance.

Shake Shack shares traded down about 1.1% immediately after the print in Monday’s after-hours session, but pared those losses. The stock has a 52-week range between $105.84 and $30.01.

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SHAKShake Shack Inc
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