, exceeding the earnings of 20 cents per share Wall Street expected, according to Refinitiv. Shake Shack matched revenue estimates at $157.8 million.
Same-store-sales increased by 2%, falling short of the 2.5% increase analysts had forecast. Shake Shack expects between 40 and 42 new domestic company-operated stores and between 20 and 25 new licensed stores to be opened in the 2020 fiscal year, the company detailed in its preliminary outlook.shares plummeted more than 30% after the company reported first-quarter earnings that missed expectations, lowered its full-year outlook and issued weak guidance for its second quarter.
"We had a challenging start to fiscal year 2020 as hereditary cancer revenue accrual from small payers was impacted by the deletion of the historical hereditary cancer CPT codes," said President and CEO Mark Capone. "Despite this setback, we expect earnings to be significantly higher in the second half of the fiscal year and believe that a number of important upsides will materialize during the fiscal year generating momentum as we transition into fiscal year 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street's leading stocks reveal investor cautionWall Street stocks have climbed to record highs as worries over U.S.-China trade...
Source: Reuters - 🏆 2. / 97 Read more »
Ahead of Uber earnings, these could be the most important levels to watchUber is gearing up for earnings after the bell today, its third release since going public. Investors should watch out for these levels after the report, says Miller Tabak's Matt Maley. KerisAlison U all make Uber look like the greatest thing and it is nothing.
Source: CNBC - 🏆 12. / 72 Read more »
Earnings Tide Lifts Most StocksEarnings are making their biggest splash in the stock market in years. Investors are sharply bidding up the shares of companies that beat expectations—and appear more willing to overlook some of the misses—helping to pull the stock market out of its recent lull. That's because the so-called 'analysts' are a bunch of anti-American, Communist shills who'd love nothing more than to sway public opinion away from the great things realDonaldTrump is doing for America. Rupert getting the last few suckers to buy shares from insiders Hmmm... Didn't a Certain Oil Refinery Just Go Public? Like a Magic Trick, The Stock Market Looks Great.🤔 The Illusion of Money.
Source: WSJ - 🏆 98. / 63 Read more »
Uber Q3 earnings preview: Analyst commentary leading up to report - Business InsiderAfter Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
Source: BusinessInsider - 🏆 729. / 51 Read more »