Why Shake Shack Is Celebrating a 45% Sales Decline
Shake Shack (NYSE: SHAK) recently announced first-quarter earnings results that were about as bad as investors had feared. Sales slumped due to the restaurant closures that started in March, particularly around New York where the better burger chain has a major geographic focus.
Yet in a conference call and slide presentation with investors, CEO Randy Garutti described some hopeful signs about the strength of the business as management plans for the eventual resumption of normal operating routines.
Let's take a closer look.
Source Fool.com
