Shake Shack Shares Fall 6% After Earnings Miss

MarketWatch Pulse

Shares of Shake Shack fell 6% after hours Wednesday, after the company missed fourth-quarter earnings expectations. Shake Shack reported a net loss of $1.4 million, or a loss of 5 cents per share. The loss includes about $1.1 million , or 4 cents per share, of after-tax expenses due to the company's initial public offering. The FactSet consensus was for a 2 cents loss per share. Shake Shack reported sales of $34.8 million, above the FactSet consensus of $33.1 million. For fiscal 2015, the company expects total revenue of $159 million to $163 million and same-store sales growth in the low single digits. It expects to open 10 new U.S. stores and at least five licensed stores to open in the United Kingdom and the Middle East toward the end of 2015.

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