>Steak n Shake shares jump on same-store sales rise

Share Button

>NEW YORK (AP) — Shares of restaurant chain Steak n Shake Co. soared Wednesday after the company said its same-store sales for its fiscal third quarter jumped 5 percent on a big boost in customer traffic.
Shares rose $1.08, or 13 percent, to $9.19 in midday trading.
After the market closed Tuesday, the company said its customer traffic climbed 13.4 percent for the quarter ended July 1, helping drive up its same-store sales, or sales at locations open at least 18 months

Read more:
http://finance.yahoo.com/news/Steak-n-Shake-shares-jump-on-apf-3839324404.html?x=0&.v=1

About the Author