Steak n Shake 2Q traffic, profit jump

INDIANAPOLIS The Steak n Shake Co. said Friday that corporate cost controls and a 7.8-percent jump in same-store guest traffic helped to swing the company to a second-quarter profit from a year-earlier net loss.

The results topped Wall Street expectations and investors drove the company’s stock price up 20 percent to close at $11.05 on Friday. It was the company’s highest stock price since December 2007.

Same-store sales for corporate

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