Steak n Shake gets boost on improved sales

INDIANAPOLIS Shares in Steak n Shake Co. soared Thursday after the company reported positive customer traffic and sales trends for its current second quarter, a possible indication of a turnaround at the long-struggling brand.

On Thursday morning, Steak n Shake said same-store sales were up 1.8 percent while traffic was up 6.2 percent so far for the quarter, which began Dec. 18 and ends April 8. Steak n Shake's stock jumped nearly 28 percent on the news to close

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