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Thursday, November 1, 2018

Shake Shack tumbles more than 6% after missing on same-store sales

Shake Shack fell in after-hours trade Thursday after the burger chain reported a same-store sales decline that sharply missed expectations.

The company said comparable restaurant sales declined 0.7 percent during the quarter. Analysts polled by Refinitiv had projected same-restaurant sales growth of 1.1 percent.

This story is developing. Please check back for updates.

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