Instagram / Shake Shack
- Shake Shack beat on both the top and bottom lines.
- The burger chain said delays in new restaurant openings would weigh on revenue growth this year.
- It maintained its full-year revenue forecast, which was below Wall Street estimates.
(Reuters) – Shake Shack said on Thursday that delays in new restaurant openings would slow revenue growth this year, disappointing Wall Street which was expecting the company to raise its guidance.
Shares of the burger chain, which have risen 31 percent in the last three months, fell 5.5 percent to $ 60.50 in extended trading.See the rest of the story at Business Insider
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