Shake Shack's Customer Traffic Drops 5%
Investors became more cautious about Shake Shack (NYSE: SHAK) stock after the restaurant chain's surprisingly weak third-quarter results were released in early November. That report included a few warning signs on both the top and bottom lines, with sales growth slowing and costs spiking.
This week, the "better burger" specialist demonstrated that the worst isn't yet behind the business, which is struggling to stand out in a competitive fast-food industry.
Let's take a closer look at the key fourth-quarter operating trends.
Source Fool.com
