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Why Habit Restaurants Inc Stock Tumbled Today

TheMotleyFool

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Why Habit Restaurants Inc Stock Tumbled Today

Shares of Habit Restaurants Inc (NASDAQ: HABT) were getting fried today, falling 25.7% as of 12:26 p.m. EDT after the fast-casual burger chain turned in a disappointing third-quarter earnings report.

The company posted its first comparable sales decline in more than 13 years as comps dipped 0.2%, and it missed estimates on both top and bottom lines.

Image source: Habit Restaurants.

Source: Fool.com