Shake Shack posted second quarter earnings of $0.14 per share on revenue of $66.5 million. Analysts were looking for $0.13 per share on sales of $63.11 million. Last year, Shake Shack earned $0.09 a share on sales of $48.45 million in its second quarter. As for details, same-store sales increased 4.5%, below Wall Street’s forecast of 4.9%. Shake Shack opened four company-operated Shacks and three licensed Shacks in the quarter. It also raised its revenue guidance for 2016 slightly to $253 million to $256 million and promised same-store sales growth between 4% and 5%.
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