CNBC
US · 48 mins ago
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Shake Shack shares crater 30% after burger chain reports operating loss
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Shake Shack's stock fell 30% following the disclosure of an operating loss, which the CEO attributed to winter weather disruptions and increased store expansion plans for the year.
Shake Shack shares crater 30% after burger chain reports operating loss
Shake Shack CEO Rob Lynch said that winter storms and an increase to its projections for store openings this year weighed on the company's results.
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