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Benzinga

Business

Adam Eckert

Why Shake Shack Shares Are Falling Today

SHAK Shake Shack Shack NYSE

Shake Shack Inc (NYSE:SHAK) is trading lower Friday morning after the company announced its fourth-quarter financial results and issued guidance below estimates.

Shake Shack said quarterly revenue increased 29% year-over-year to $203.3 million, which beat the $202.67 million estimate. The company reported an adjusted earnings loss of 11 cents per share, which beat the estimate for a loss of 17 cents per share.

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