Shake Shack says a key sales figure declined 2.5 percent in the first quarter as customer traffic fell. At the end of the first quarter, the company said there were 127 Shake Shack locations, including 78 in the United States. Shake Shack noted that new store openings helped drive up overall revenue by 42 percent to $76.7 million, which was more than Wall Street expected. Shake Shack expects full-year revenue in the range of $351 million to $355 million. Access a Zacks stock report on SHAK at https://www.zacks.com/ap/SHAK—————Keywords: Shake Shack, Earnings Report

Source: ABC News May 04, 2017 20:48 UTC