Shake Shack Inc (SHAK) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $8.710 million, or $0.21 per share. This compares with $7.223 million, or $0.17 per share, last year.
Excluding items, Shake Shack Inc reported adjusted earnings of $11.62 million or $0.26 per share for the period.
Analysts on average had expected the company to earn $0.25 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.8% to $328.68 million from $286.24 million last year.
Shake Shack Inc earnings at a glance (GAAP) :
-Earnings: $8.710 Mln. vs. $7.223 Mln. last year.
-EPS: $0.21 vs. $0.17 last year.
-Revenue: $328.68 Mln vs. $286.24 Mln last year.
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