NEW YORK (AP) — NEW YORK (AP) — Shake Shack Inc. (SHAK) on Thursday reported a loss of $10.7 million in its fourth quarter.
The New York-based company said it had a loss of 27 cents per share. Losses, adjusted for non-recurring costs, were 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The burger chain posted revenue of $238.5 million in the period, which met Street forecasts.
For the year, the company reported a loss of $24.1 million, or 61 cents per share. Revenue was reported as $900.5 million.
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