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Shake Shack (SHAK) Stock Falls on Weak Q2 Same-Store Sales Growth

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Shake Shack Inc. (SHAK - Free Report) just released their second quarter fiscal 2016 earnings results, posting earnings of $0.14 per share and revenue of $66.472 million.

Currently, SHAK has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Shake Shack:                                         

Beat earnings estimates. The company posted $0.14 per share, surpassing our Zacks Consensus Estimate of $0.13.

Beat revenue estimates. The company saw revenue figures of $66.472 million, topping our estimate of $63 million.

Same store sales grew by 4.5% compared to growth of 12.9% in the same quarter last year.

2016 revenues expectations were guided upwards to $253-$256 million, up from previous guidance between $245 million and $249 million.

SHAK was down $3.62, or -8.74%, to $37.25 as of 4:24PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Shake Shack’s share price performance over the last year.


SHAKE SHACK INC Price and Consensus

SHAKE SHACK INC Price and Consensus | SHAKE SHACK INC Quote

In the podcast below, Zacks stock strategist Tracey Ryniec discusses burger stocks and whether or not they are solid investment candidates.

Check back later for our full analysis on Shake Shack’s second quarter earnings report!

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