Shake Shack swings to quarterly loss, names new CFO; shares fall 20%
07/05/2026 12:34
May 7 (Reuters) - Fast food chain operator Shake Shack SHAK.N on Thursday swung to a quarterly loss and missed revenue estimates, sending its shares down 20% in premarket trading. The company also named Michelle Hook as its new CFO, effective May 11. Shake Shack reported first-quarter revenue of $366.7 million, missing analysts' estimate of $371.9 million, according to data compiled by LSEG. It reported quarterly loss per share of 1 cent, compared with a profit of 11 cents a year ago. (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Shailesh Kuber) ((Sanskriti.Shekhar@thomsonreuters.com))
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