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Stock impact report

Shake Shack beats on earnings, forecasts massive expansion in 2018 [CNBC]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: CNBC
Shake Shack reported fourth-quarter earnings after the bell on Thursday. Same-store sales at the burger chain rose 0.8 percent in the quarter, the company said. Shake Shack expects to open between 32 and 35 new restaurants in the U.S. in 2018, the largest number of openings in one year in the company's history. Published 1 Hour Ago Updated 38 Mins Ago CNBC.com Shake Shack Burgers and French fries from Shake Shack Shares of Shake Shack whipsawed after the closing bell on Thursday after the company posted better than expected fourth-quarter earnings. The stock was up as much as 5.3 percent before it turned negative, slipping nearly 3.3 percent. The company reported a loss of $14.4 million, or 55 cents a share, compared with net income of $3.9 million, or 15 cents a share, in the year-ago period. Excluding charges from the U.S. tax overhaul, the company earned 10 cents a share, Show less Read more
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