Shake Shack Inc. (SHAK – Free Report) ) just released its latest quarterly financial results, posting earnings of $0.13 per share and revenues of $99.1 million.

Currently, Shake Shack is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 13.4% over the past month, including a 0.2% gain during regular trading hours today.

The stock is currently up 7.5% to $47.41 per share in after-hours trading shortly after its earnings report was released.

Shake Shack:

Beat earnings estimates. The company posted earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. Investors should note that this consensus projection has trended downward over the duration of the quarter.

Beat revenue estimates. The company saw revenue figures of $99.1 million, beating our consensus estimate of $96.1 million.

Shake Shack saw a 29% increase in revenue, 26% in operating profit, and 17% in operating income year-over-year. Same-Shack sales increased 1.7%.

Part of this success can be accredited to Shake Shack’s initiative to diversify its store locations, both domestic and international. The company added 32 domestic locations and 16 international locations year-to-date.This helped shift the regional burden found in the company, with New York representing 36% of Shake Shack sales domestically.

The company has broken into Arizona, California, and Hong Kong with new stores. They now operate across 22 states and 12 countries.

Here’s a graph that looks at Shake Shack’s recent earnings performance:

Shake Shack, Inc. Price, Consensus and EPS Surprise

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Shake Shack Inc. owns and operates restaurants primarily in the United States, London, Istanbul, and Dubai. The company is headquartered in New York, and serves food and drinks such as burgers, hot dogs, frozen custard, fries, beer, and wine.

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