NEW YORK (AP) — NEW YORK (AP) — Shake Shack Inc. (SHAK) on Thursday reported a loss of $290,000 in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The burger chain posted revenue of $366.7 million in the period, which also did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $371.4 million.
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