Shake Shack tops earnings

If you’ve not been watching Shake Shack recently, they just topped earnings and revenue estimates on Thursday. The causal burger chain also raised its overall outlook and topped sky-high expectations for sales at established restaurants.

They currently are reporting 12 cents per share in adjusted earnings, up from 3 cents.

This means revenue grew 67.4 percent to $53.3 million, from $31.8 million in the comparable period.

Currently, analysts forecast that Shake Shack will deliver earnings per share of 7 cents and $47 million in revenue. This is according to Thomson Reuters estimates.

Do you think Shake Shack is making their big break into the playing field? With giants like Chipolte distracted by issues, this might be a great time for Shake Shack to emerge as a winner.


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