Steak n Shake swings to 3Q profit

Steak n Shake swings to 3Q profit

INDIANAPOLIS Steak n Shake Co., which operates or franchises 502 family-dining restaurants, on Monday reported a profit in its third quarter versus a net loss in the same quarter a year ago. Improved sales helped the company turn the corner, it said.

For the quarter ended July 1, Steak n Shake reported net income of $3.8 million, or 13 cents per share, compared with a net loss of $9.8 million, or 35 cents per share, in the same year-earlier quarter. In last year's

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