US Stock Market Move | Fourth-quarter financial report exceeded expectations, Shake Shack (SHAK.US) rose more than 8.6%

On Thursday, Shake Shack (SHAK.US) stock price rose, as of the time of writing, the stock rose more than 8.6%, to $120.86. The company released its fourth-quarter financial report, which exceeded market expectations. Shake Shack's adjusted earnings per share (EPS) for the quarter were $0.26, well above the market's expected $0.16. Revenue increased by 14.8% year-on-year, reaching $328.7 million, higher than analysts' expected $325.3 million. A key indicator of the operating performance of a restaurant chain is the same-store sales, which increased by 4.3% year-on-year. Additionally, the company opened 19 new company-owned locations and 9 licensed locations during the quarter. Shake Shack CEO Robert Lynch said, "We are pleased to see that the company's revenue and profits in the fourth quarter exceeded expectations. This demonstrates the effectiveness of our strategic initiatives, as well as the positive impact of brand expansion and customer experience optimization."