Friday, May 13, 2016

Shake Shack chicken sandwich drives 1Q sales

Shake Shack Chick'n ShackShake Shack Inc. revenues and profits surged in the first quarter, the company said Thursday, as a new chicken sandwich generated sales and traffic in the first quarter.

Same-store sales rose 9.9 percent in the quarter ended March 30. Revenue increased 43.3 percent, to $54.2 million, from $36 million the previous year. And restaurant-level operating profit increased 58.6 percent, to $14.7 million, or 28.2 percent of sales.. . . more

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