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Shake Shack Inc. Q2 2017 Earnings Beat Estimates But Guide Disappoints

Shake Shack (SHAK) Q2 2017 earnings were released after closing bell, and the company reported adjusted earnings of 20 cents per share on $91.4 million in revenue. The consensus estimates stood at 16 cents per share in non-GAAP earnings and $89 million in sales. In last year’s second quarter, the fast food chain reported earnings of 14 cents per share on $66.5 million in sales.

Shake Shack Q2 2017 earnings

On a GAAP basis, Shake Shack Q2 2017 earnings rose to 19 cents per share from 14 cents per share in the year-ago quarter. Adjusted EBITDA grew by more than 36% year over year to $19.4 million. Shack sales increased 36.6% to $88 million, while same-Shack sales fell...


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