Shake Shack Posts Q4 Loss

(RTTNews) - Burger chain Shake Shack Inc. (SHAK) reported a net loss for the fourth quarter of $1.4 million or $0.05 per unit, compared to net income of $1.0 million or $0.03 per unit for the year-ago quarter.

The latest quarter results include about $1.1 million or $0.04 per unit of after-tax expenses incurred in connection with the company's initial public offering.

Total revenue for the fourth quarter rose 51.5% to $34.8 million from $23.0 million a year earlier.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share on revenue of $33.08 million for the fourth quarter. Analyst' estimates typically exclude special items.

Looking forward, the company forecasts full year 2015 total revenue of $159 million to $163 million. Analysts currently expect the company to post revenue of $160.72 million for the full year 2015.

Shake Shack made its trading debut on the New York Stock Exchange on January 30 following a successful initial public offering.