Shake Shack on Wednesday reported fourth-quarter earnings that were in line with expectations, but sales that missed forecasts.
Adjusted earnings per share was $US0.09, matching the forecast according to Bloomberg. Sales at stores open for at least one year increased by 1.6%, lower than the forecast for 2.9%.
The company has met or exceeded earnings expectations in all of the past six quarters.
Shake Shack shares fell by as much as 3% in after-hours trading.
More to come …
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