Fast food chain Shake Shack Inc (NYSE:SHAK) late Wednesday offered a very positive growth forecast through next year, sending its shares soaring in late trading.
The New York-based company reported Q3 EPS of $0.15, beating out Wall Street’s view of $0.14. Revenue surged 40% from last year to $74.6 million, easily topping analysts’ $69.15 million view.
Same-store sales rose 2.9% in the third quarter of 2016, which was down significantly from 17.1% growth seen in Q3 of last year.