Steak n Shake reports loss for 1st Q

INDIANAPOLIS Steak n Shake Co.’s stock price tumbled Friday, a day after the company reported a loss of $1.2 million, or 4 cents per share, for its latest quarter ended Dec. 19, versus a profit of $4.2 million, or 15 cents per share, a year earlier.

 

Revenues for the latest first quarter were $136.4 million, down 7.4 percent from $147.3 million a year earlier. Same-store sales at corporate units fell 9.5 percent for the quarter, compared wit

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