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Shake Shack shares slide 7% premarket as it swings to a loss and revenue falls short of estimates
Shake Shack Inc. shares slid 7% in premarket trade Thursday, after the fast-food chain missed revenue estimates for the second quarter, hurt by inflationary pressures and their impact on consumer spending. The company swung to a loss of $1.2 million, or 3 cents a share, after earnings of $1.9 million, or 5 cents a share, in the year-earlier period. Adjusted per-share earnings were breakeven, compared with a FactSet consensus for a loss of 2 cents a share. Revenue came to $230.8 million, up from
