What to Expect When Shake Shack (SHAK) Reports First Quarterly Earnings Today
NEW YORK (TheStreet) -- Shares of Shake Shack (SHAK) - Get Report are declining, lower by 0.61% to $45.50 in early-market trading Wednesday ahead of the company's fiscal fourth quarter earnings report, expected to be released after the market closes today.
For the quarter, the burger chain is expected by analysts to post a loss of 3 cents in its first quarterly earnings release following its initial public offering in January.
Analysts are expecting revenue to come in at $33.08 million for the fourth quarter.
New York City-based Shake Shack is a roadside burger stand serving an American menu of burgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. The company operates about 63 casual dining restaurants around the world.
Shake Shack closed at $45.78 in yesterday's session.