Shake Shack 1Q sales get boost from IPO

Shake Shack 1Q sales get boost from IPO

Stock surges after first-quarter report, but executives temper sales expectations

Shake Shack Inc.’s initial public offering in January was a boon for the company, and not just because its stock price has more than tripled since then.

Same-store sales rose 11.7 percent in the first quarter ended March 31, the company said Wednesday. Shake Shack CEO Randy Garutti cited the “extraordinary amount of press surrounding the IPO” as one of the reasons for its s

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