Shake Shack shares fell as much as 8% in after-hours trading Monday after the company reported fourth-quarter results.
The fast-food chain reported adjusted earnings per share (EPS) of eight cents, beating by one cent, on revenues of $51.1 million.
Analysts had expected revenues totaling $50.3 million, according to Bloomberg.
So-called same-shack sales — at locations open for at least one year — came in at 11% for the quarter.
The company had projected a rise in sales at stores open for at least one year (same-store sales) by 2.5% to 3% in 2016, and expected revenues in a range of $237 million to $242 million.
It reiterated this guidance, and Wall Street had expected revenues of $240 million.
During the fourth quarter, Shake Shack launched its Chick’n Shack sandwich nationwide, in a direct shot at chicken-burger stalwart Chick-fil-A.
The company’s stock has rallied 7% this year.
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