Shares of fast-food restaurant chain operator Shake Shack Inc. (SHAK) are surging more than 20 percent Thursday morning after reporting upbeat quarterly results above the consensus estimate.
The company reported a profit of $6.77 million, or $0.15 per share for the fourth quarter, compared with a loss of $7.76 million $0.20 per share a year ago, helped primarily by growth in sales.
Excluding special items, earnings were $1.0 million, or $0.02 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.01 per share.
Total revenue was $286.24 million, up 20.0 percent from last year. The consensus estimate was for $280.26 million.
SHAK, currently at $91.92, touched a new high of $95.71 this morning.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.