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NEW YORK (AP) — NEW YORK (AP) — Shake Shack Inc. (SHAK) on Thursday reported a loss of $1.5 million in its first quarter.
The New York-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring costs, were 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The burger chain posted revenue of $253.3 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $245.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SHAK">Zacks stock report on SHAK at https://www.zacks.com/ap/SHAK