Shake Shack Falls on Wider Than Expected Loss in Debut Report

Keep an eye on shares of Shake Shack (SHAK) in Thursday's trading session. The burger joint released its first-ever quarterly financial results. It posted a wider than expected loss, but topped revenue estimates for the fourth quarter. Shake Shack also saw a 7.2% year over year rise in same-restaurant-sales, better than the 4% growth analysts were expecting. Looking ahead, the casual dining company says it aims to open at least 10 new locations annually in the near-term. Long-term, it sees potential for at least 450 domestic company-operated shacks. TheStreet's Kurumi Fukushima reports in New York.