May 7 (Reuters) – Fast food chain operator Shake Shack 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)