SHAK Shake Shack-A
31.05 -2.98 (-8.80 %)
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Shake Shack’s stock is down 7.3% at $30.50 a share after the company reported same-store sales that were less than analyst estimates.
Comparable sales for the quarter saw a 2.5% contraction, missing consensus forecasts of 0.2% growth. The fast-casual chain also said full-year 2017 same-store sales will be flat, trimming previous guidance for 2-3% growth.
“We are clearly dissatisfied with our comp result in Q1,” CEO Randy Garutti said in a statement. “But as a reminder,…