Shake Shack Profit and Revenue Rise as Traffic Grows
Shake Shack reported $16.5 million in profit, or 39 cents a share, in the third quarter. It was the restaurant chain’s fifth consecutive quarter of positive traffic.
By Freddy SebastianShake Shack reported higher revenue and profit in the third quarter as the restaurant chain posted its fifth straight quarter of positive traffic.The restaurant chain posted a profit of $16.5 million, or 39 cents a share, for its latest period. That compares with a profit of $12…