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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

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

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