Tag Archives: cold

Shake Shack shares fall after sales go cold

Shares of burger and milkshake chain Shake Shack sank by as much as 15% in after-hours trading after it posted an unexpected sales decline. The fast food company said revenue at existing stores fell 2.5% after cold weather in the US Northeast hurt sales. Profits were $2.3m (£1.8m) in the quarter, up 55% year-on-year. Chief executive Randy Garutti… Read More »