Shake Shack Inc. (SHAK) on Thursday reported third-quarter net income of $1.5 million.
On a per-share basis, the New York-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring costs, came to 12 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The burger chain posted revenue of $53.3 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $47.1 million.
Shake Shack expects full-year revenue in the range of $189 million to $190 million.